2 ARMAND BEACH DR, Palm Coast, FL 32137 - MLS#FC311754

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Lance Willard

lance@willardhometeam.com +1(727) 487-1894

$1,318,900

Est. payment - /mo

4,796 SqFt

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,796 sqft

Price per Sqft $275

Subdivision Armand Beach East Sub

MLS Listing ID FC311754

Construction Status Completed

HOA Y/N No

Year Built 2004

Annual Tax Amount $5,937

Lot Size 0.700 Acres

Acres 0.7

Property Sub-Type Office

Source Stellar MLS

Property Description

2 Armand Beach Dr is a premium office building located in the desirable Armand Beach Office Park, just off A1A in the Hammock area of Palm Coast, FL. This location offers a rare opportunity to invest in a stabilized, income-generating professional office with 4,796 sf in a coastal, high-demand market with strong tenant interest and limited professional office inventory. Gross Rent Potential is estimated at $107,400 with monthly income of $8,950. Income is provided by 4 separate units, the second floor units have vaulted high ceilings giving a spacious feeling. The owner pays insurance, real estate taxes and common area maintenance. The property is a modern coastal-style construction with attractive curb appeal, ample parking and easy access for clients and staff including an elevator. Its high visibility from A1A and proximity to major residential communities makes it ideal for medical, legal, financial, or administrative professionals, and potential for multiple tenant uses. It is located in the affluent Hammock area which has a rapidly growing population of second-home owners, and high-income professionals. The area is surrounded by luxury residential and resort communities such as the Hammock Beach Resort, Hammock Dunes and the future Ritz Carlton Residence. There is a limited inventory of quality office space in this submarket that makes this an attractive investment. 1 Armand Beach Dr. is also available for sale. Contact agent for showings and financial information.

Location

State FL

County Flagler

Community Armand Beach East Sub

Area 32137 - Palm Coast

Zoning R/C

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Tile

Appliance Refrigerator

Exterior

Parking Features Parking Spaces - 13 to 18

Utilities Available Electricity Available, Water Connected

Roof Type Tile

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Water Public

Structure Type Block,Stucco,Frame

New Construction false

Construction Status Completed

Others

Ownership Partnership

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/FC311754

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Listed by Cornelia Downing Manfre ONE SOTHEBYS INTERNATIONAL

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Lance Willard

+1(727) 487-1894

Agent | slsl3384517

Agent slsl3384517

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2 ARMAND BEACH DR Palm Coast, FL 32137

Lance Willard

Key Details

Location

Interior

Exterior

Building

Others