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Shops at Palm Harbor Units 3 & 4
Palm Coast, FL 32137

$510,000 USD

General Retail Condo For Sale  •  2,944 SF

Property Details

  • Property Type General Retail
  • Total Building Size 24,700 SF
  • Lot Size 2.91 AC
  • Building Class C
  • Year Built 1999
  • Cap Rate 8.20 %
  • Tenancy Multiple
  • Zoning COM-2
0 Transit Score
61 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 3 & 4 Office/Retail 2,944 SF $510,000 USD
  • Unit Size: 2,944 SF
  • Condo Use: Office/Retail
  • Price: $510,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $173.23 USD
Description
The Shops at Palm Harbor is a commercial condominium of 17 individually owner-occupied or leased units in 2 one-story buildings. Total  common area of just under 3 Acres includes buildings, shared parking  and landscaping

Sale Notes
Sale of 2 combined units is preferred. Seller may consider selling units separately, leasing, and/or partial seller financing. Terms negotiable. Condominium Board has final right of approval over use and purchase.

Description 

Existing double wide unit (2 units) in a well established shopping/commercial area. In excellent condition for retail, office or commercial uses including restaurant. Fully glazed frontage, large showroom with custom built ins, service area for refreshments, cash/wrap, back office and storage and 3 ADA restrooms. Within Building 1 of the Shops at Palm Harbor. The units have been operating as a retail store “Chez Jacqueline”, though the owner has decided to retire and recently closed the business.  If desired the 2 units can be restored to 2 separate units.

Highlights

Established Commercial Center with broad variety of other businesses (retail; medical; restaurants; services; realtors)
Prime vibrant central location in Palm Coast, near Palm Coast Parkway and I-95. Near to Island Walk Shopping Center, Publix, Staples, Sheriff etc.
Modern Interior Design includes large retail space, a service counter/bar, cash/wrap area, 3 ADA restrooms, and a separate storage area/backoffice
Flexible layout could be repurposed for multiple uses including office, retail, restaurant, health related services, or more.
Units 3 & 4, currently used as one unit, can be easily restored to 2 separate units.
Ample shared Parking. Large front windows. Track lighting throughout.

Financial Summary

Cap Rate: 8.20 %
Total Expenses: $18,570 USD

Major Tenants

Tenant SF Occupied Lease End Date
Chez Jacqueline 8/31/2025

Amenities

  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 40 min - 31.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 142
Type: Surface
Included in Rent: Yes
Richard Hamilton 386-793-1856 Glenmillan of Flagler County
Richard Hamilton 386-793-1856 Glenmillan of Flagler County