A rare opportunity to earn commercial property in the fastest growing corridor of US 1 North in Palm Coast. Property is located just south one mile of the Palm Coast Parkway and US1 intersection. Zoned Palm Coast COM-3 is the highest intensity commercial (FLUM-Mixed Use), can be divided into two 250’ foot frontage parcels at $300,000 each. Property located 7 miles from the Atlantic Ocean and on the forefront of Palm Coast 2.0 Initiative. 2 new hospitals , one just open and one under review within 2.5 miles. 1200+ new home sites being developed at Reverie of Palm Coast and Saw Mill within 2.5 miles of this site. Great road frontage and outstanding daily traffic counts. Rare to find 500’ Front Feet of commercial property. Must see location. Survey, wetland delineation, and tree survey complete. Preliminary site plan also complete and through predevelopment meetings (TRX) with City of Palm Coast Development Staff. Option to mitigate wetlands and acquire additional net uplands possible. Utilities Forcemain and Water Extension under construction across US 1.
Financial Considerations
Price:
$599,000
HOA Fee:
N/A
Tax Amount:
$1449.36
Price per SqFt:
$5.59
Tax Legal Description:
2.46 ACRES S 1/2 OF SW 1/4 OF NE 1/4 LYING WEST OF US #1 (EX PART IN PALM COAST SUBDIVISIONS) 1975 BTA PETITION #41 OR 835 PG 260 ORD 2005-17 1251/1818 OR 1316 PG 435-CD OR 1600 PG 1777-CD (EXC THAT PORTION DEEDED TO WARE BEING 3.90 AC OR 1600/1781) (EX