Active

$994,125

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3615 sq ft
Overview
  • ID: MFRFC311730
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3615 sq ft
Property Details
Remarks
1 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 3,615 sf in a coastal, high-demand market with strong tenant interest and limited professional office inventory. Gross Rent Potential is estimated at $72,160 with monthly income of $6,013. 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 and Hammock Dunes with the future Ritz Carlton Residence. There is a limited inventory of quality office space in this submarket that makes this an attractive investment. 2 Armand Beach is also available for sale. Contact agent for showings and financial information.
Financial Considerations
Price:
$994,125
HOA Fee:
N/A
Tax Amount:
$4481.72
Price per SqFt:
$275
Tax Legal Description:
ARMAND BEACH EAST SUBD PARCELS 1 & 2 OF PARCEL #1 OR 47 PG 220,34 OR 164 PG 158 OR 269 PG 633 OR 821 PG 409
Exterior Features
Lot Size:
16006
Lot Features:
Corner Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 13 to 18
Roof:
Tile
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
Refrigerator
Furnished:
No
Floor:
Carpet, Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
2003
Construction Type:
Concrete, Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1 ARMAND BEACH DR
Contact a Professional
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