7 Florida Park Dr N, Unit A Palm Coast, FL 32137

Property Details for 7 Florida Park Dr N

Year built

1989

Construction

STEEL FRAME

Lot size

0.46 lot acres

Property size

5,773 SF

Zone code

OFC-1

Property type

Office buildings

APN

07-11-31-7002-00030-0100

APU

711317002000300100

Description

This exceptional investment opportunity presents a two-story, 5,773 square foot Class B office building situated on a 20,030 square foot lot in Palm Coast, Florida. The property, located at 7 Florida Park Drive, boasts a prime location near a Publix-anchored shopping center, ensuring high visibility and accessibility. Currently housing seven tenants with 100% occupancy, this multi-tenant building offers seven individual office/retail suites, most of which have been recently renovated. One suite is currently under renovation and vacant. The building features 30 parking spaces and is zoned OFC1. Built in 1989, this property offers a strong 7.00% cap rate and a gross lease structure. The asking price is $1,300,000, translating to $225.19 per square foot. The net rentable area is 5,208 square feet. Financial information is available upon request for qualified buyers. Current market rents are projected to increase to $24 per square foot gross within the next year. This is a rare opportunity to acquire a well-maintained, high-occupancy commercial property in a thriving location.

Location Insight

City

Palm Coast

County

Flagler

State

Florida

Longitude

-81.2081

Latitude

29.56

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments