$4,700,000
1 Hammock Beach Parkway
Palm Coast, FL 32137
Listing updated: April 2, 2026 at 12:10 PM ET
Listing courtesy of Parkside Realty Group · Margaret Jones · MLS #FC308281 · Active · 386-302-0300Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history326 days on market
- Status: ActiveApr 2, 2026
- Listed$4,700,000Mar 26, 2025
- Price increased$4,700,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 326
- Subdivision
- Ocean Hammock Prcl B-3
- County
- Flagler
- Year built
- 2003
- Living area
- 25,834 sq ft
- Price/sq ft
- $182
- Lot size
- 95,832 sq ft
- Lot category
- 2 to less than 5
- Flood zone
- X
- Annual taxes
- $30,746 (2024)
- Parcel #
- 04-11-31-3503-00000-00C0
- Zoning
- PUD
- MLS #
- FC308281
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Interior Details
- Flooring
- Brick, Carpet, Ceramic Tile
- Appliances
- Refrigerator
- Direction faces
- South
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Parking features
- Common, Lighted, Over 30 Spaces
HOA & Financial
- Total monthly fees
- $820/mo
- Total annual fees
- $9,840
- HOA name
- Ocean Hammock POA
- Listing terms
- Cash, Conventional
- Ownership
- Sole Proprietor
Exterior & Construction
- Construction materials
- Block, Stucco
- Foundation
- Slab
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Phone Available, Water Connected
Listing Details
- Listing date
- 2025-03-24
- On market date
- 2025-03-26
- Original list price
- $4,700,000
- MLS area
- 32137 - Palm Coast
- Listing AOR
- Flagler
- Status changed
- 2026-04-02
- Tax legal description
- OCEAN HAMMOCK PARCEL B-3 PARCEL C 2.20 AC (COMMERCIAL) OR 631 PG 486 OR 1498 PG 22 OR 1887/74 OR 1938/1888 OR 1939/1888-CD OR 1944/723 OR 1973/814 OR 2122/1742
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-95 take Palm Coast Parkway East to Hammock Dunes Parkway. Proceed 1 mile north to Hammock Beach Parkway on the right. Building is immediately on your left before the guard gate.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 2, 2026 at 12:10 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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