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Palm Coast 32164
276 Central Avenue
$360,000 - $438,000
● Commercial - Off Market

276 Central Avenue

Palm Coast, FL 32164
bedrooms
Studio
bathrooms
0 Bath
square feet
45,172 Ft²

About This Property

This cleared, level 1+ acre building site comes with commercial entitlements for 4K of office and 3K of retail space. In the heart of fast developing Town Center in Palm Coast, this outparcel is next to Publix-anchored strip center and surrounded by retail and medical offices. Two new multi-family developments with 288 units were completed and fully leased in 2020 and new town home and SFH developments are under construction. Jacksonville University campus is fully operational as of Fall 2021. Target anchored shopping center is 1/2 mile away. This parcel is located within a state-designated Opportunity Zone which qualifies for preferential tax treatment and investor incentives. Buy this versatile lot now to hold or build your business in this booming location in central Palm Coast FL.
Unit Size
45,172 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$9
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold
Premium
Sold
Mar 24, 2024 No longer available -
No longer available
Feb 8, 2024 Relisted $399,900
Relisted
Jan 25, 2024 No longer available -
No longer available
Apr 1, 2023 Relisted $399,900
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,172
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: TOWN CENTER PHASE I
  • Land Acres: 0000001037
  • Standard Land Use Code: 8002
  • County Land Use Code: 001000
  • State Land Use Code: 10
  • Legal Description 1: TOWN CENTER PHASE I MB 35 PG 13 LOT 8 1.037 ACRES OR 1274 PG 1347 OR 1383 PG 525

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060214

Zoning

  • Zoning: MPD

Geography

  • Subdivision Phase Number: 1
  • Parcel: 06-12-31-5815-00000-0080
  • Lot: 8
  • Meridian: SEC 06 TWN 12S RNG 31E
  • Municipality: CITY OF PALM COAST
  • Latitude: 29.4874
  • Longitude: -81.2182

    Address

  • Full Address: 276 Central Ave
  • Address - House Number: 276
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Palm Coast
  • Zip Code: 32164

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $581,863
  • Tax Rate Code Area: 066

    Market Valuation

  • Market Total Value: $149,064
  • Market Land Value: $149,064

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,064
  • Assessed Land Value: $149,064

    Sales

  • Current Sale Contract Date: Mar 21, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12211
  • Previous Sale Recording Date: Jan 19, 2006
  • Previous Sale Contract Date: Jan 11, 2006
  • Previous Sale Amount: $750,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palm Coast

Stats & Trends

Median Asking:

$361,928

Sale Price/ft²

$194

Below Asking

0.03%

Average Days on Market

87

Average Home Size

1944 ft²

Average Home Age

13.8 years

Currently For Sale

1104 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Frequently Asked Questions

When was property at 276 Central Avenue built and last sold?
The property at 276 Central Avenue was built in and last sold on Mar 21, 2024 for $350,000.
How much is this home worth?
The estimated value of the home located at 276 Central Avenue is $0.
What are some comparable homes to 276 Central Avenue?
There are currently no comparable homes to 276 Central Avenue.
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