2 ARMAND BEACH DR new Save Request In-Person Tour Request Virtual Tour
Palm Coast,FL 32137
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