Active$5,100,000
197 AVENUE DE LA MER, 706
PALM COAST, FL 32137
4 beds5 baths3,400 sqft
1 / 53
Active · Single Family
1 HAMMOCK BEACH PARKWAY
PALM COAST, FL 32137
Beds
—
Baths
—
Area
25,834 sqft
Single FamilyBuilt 200395,832 sqft lotCentralCentral Air$182/sqft512 days on market
About this home
Fully leased Iconic office building with strong operating history located in the highly coveted Hammock area of Palm Coast. Originally constructed as the sales center for Hammock Beach and Ocean Hammock, the facility is first class. Impressive 5K+ sf lobby has not been allocated among seven tenant's leases as a core factor, so there is an immediate opportunity for additional income over current NOI. Operating numbers for 2024 are actual, and pricing reflects a 7 cap rate. At under $200/sf, this building could not be replicated. The roof was replaced in 2023/24 and all HVAC units are updated as well. There is not a better city in Florida for commercial real estate investment! Palm Coast has experienced substantial growth in recent years. As of 2024, the city's population is estimated at 106,000. The local economy is diverse, with key employment sectors including healthcare, retail trade, hospitality and food services. The city's proximity to Jacksonville, Orlando, and the Space Coast provides businesses with access to a highly educated and skilled workforce. Palm Coast is just 60 miles south of Jacksonville and 80 miles northeast of Orlando enabling it to draw significant business from these larger markets. Don't miss the premier investment opportunity in fast growing, desirable Palm Coast. Call to make an appointment and see this upscale, profitable facility for yourself!
Facts & features
Interior
- Living area
- 25,834 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Brick, Carpet, Ceramic Tile
- Stories
- 2
- Appliances
- Refrigerator
Exterior & lot
- Lot size
- 95,832 sqft (2.2 ac)
- Construction
- Block, Stucco
Financial
- Annual tax
- $30,746 (2024)
- Price / sqft
- $182/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Phone Available, Water Connected
Property
- Property type
- Single Family
- Year built
- 2003
- Subdivision
- OCEAN HAMMOCK PRCL B-3
- County
- Flagler
Listing
- Status
- Active
- Days on market
- 326 days
- MLS #
- MFR751194383
- Source
- Stellar MLS
Listed by Margaret Jones · PARKSIDE REALTY GROUP
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$26,528/mo
- Principal & interest
- $23,766/mo
- Property tax
- $2,562/mo
- Home insurance
- $200/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2024 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Mar 24, 2025 | Listed | $4,700,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for PALM COAST, FL are not connected yet, so this page does not show them.
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home
Location
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