Price Improvement for this great investment opportunity. The property at 24 Hargrove Grade in Palm Coast, Florida, is a newly constructed industrial building of 20,000sf. The property has all utilities and infrastructure in place and will have a cross parking easement with 26 Hargrove. Completed in 2024, the 20,000 sf building contains 8 units, each with a 14 foot high roll up door, an office, a restroom and warehouse space. The space is fully leased with annual increases of the base rate. The tenants pay the annual operating expenses for common area maintenance, taxes and property insurance. The property is strategically located in the heart of Palm Coast, providing easy access to US Highway 1, Interstate 95, and Palm Coast Parkway.
Palm Coast, situated in Flagler County, has experienced significant growth in recent years. As of 2024, the city's population is estimated at 106,237. The median age in Palm Coast is 50.3 years, indicating a mature population.
The city's strategic location along Florida's east coast, combined with its growing population and economic indicators, makes it an attractive area for industrial and commercial investments. Upon submission of a Non Disclosure, property financials will be made available to qualified buyers.
Price Improvement for this great investment opportunity. The property at 24 Hargrove Grade in Palm Coast, Florida, is a newly constructed industrial building of 20,000sf. The property has all utilities and infrastructure in place and will have a cross parking easement with 26 Hargrove. Completed in 2024, the 20,000 sf building contains 8 units, each with a 14 foot high roll up door, an office, a restroom and warehouse space. The space is fully leased with annual increases of the base rate. The tenants pay the annual operating expenses for common area maintenance, taxes and property insurance. The property is strategically located in the heart of Palm Coast, providing easy access to US Highway 1, Interstate 95, and Palm Coast Parkway.
Palm Coast, situated in Flagler County, has experienced significant growth in recent years. As of 2024, the city's population is estimated at 106,237. The median age in Palm Coast is 50.3 years, indicating a mature population.
The city's strategic location along Florida's east coast, combined with its growing population and economic indicators, makes it an attractive area for industrial and commercial investments. Upon submission of a Non Disclosure, property financials will be made available to qualified buyers.
Utilities: Electricity Available, Phone Available, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 214956.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Accessibility Features: Accessible Doors
Country: US
Legal Description: POR SE CRNR SEC 9, S 89.0756 W ALONG S LINE OF SEC 9 189.68', DEPARTING SAID LINE N 00.5204W 40.94' TO NLY R/W HARGROVE GRADE TO POB; THENCE S 71.1444 W ALONG NLY R/W 50', DEPART R/W N 18.4516W 500', N 81.451 6W 397.28' THENCE N 05.1516W 51.42', N 22.2150
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