$3,890,000
Active24 Hargrove Grade, Palm Coast, FL 32137
20,000 sq ft
Listing courtesy of ONE SOTHEBYS INTERNATIONAL Β· MLS# FC306013
670 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
About this property
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.
Facts
- Property type
- Industrial
- Year built
- 2024
- Flood zone
- X
- Annual taxes
- $25,850/yr
- Listed
- Dec 27, 2024
- MLS #
- FC306013
Commercial details
Building & site
- Building size
- 20,000 SF
- Lot size
- 3 acres (130,680 SF)
- Zoning
- IND-1
- Ceiling height
- 16 to 22 Feet
- Road frontage
- City Street
- Buildings
- 1
- Occupancy
- Tenant-occupied
- Building features
- Bathrooms, Dumpsters, Overhead Doors, Trash Removal
Investor metrics
- Price per SF (MLS)
- $194.50/SF
- Net operating income
- $214,956/yr
- Annual expenses
- $60,000/yr
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $4,425,000
- Price reduced to $3,890,000
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24 Hargrove Grade, Palm Coast, FL 32137
Listing courtesy of ONE SOTHEBYS INTERNATIONAL Β· MLS# FC306013 Β· Active
Where this property is
Opens on aerial β on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

