Palm Coast, FL 32137,5368 N OCEAN SHORE BLVD
Palm Coast, FL 32137,5368 N OCEAN SHORE BLVD
Palm Coast, FL 32137,5368 N OCEAN SHORE BLVD
Palm Coast, FL 32137,5368 N OCEAN SHORE BLVD
Palm Coast, FL 32137,5368 N OCEAN SHORE BLVD
Palm Coast, FL 32137,5368 N OCEAN SHORE BLVD
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$885,000

$899,000

1.6%
Est.Price: ?

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Est. payment /mo

2,147 SqFt


SOLD DATE : 05/12/2023

Key Details

Sold Price $885,000

Property Type Commercial

Sub Type Restaurant

Listing Status Sold

Purchase Type For Sale

Square Footage 2,147 sqft

Price per Sqft $412

Subdivision Artesia Sub

MLS Listing ID FC286178

Sold Date 05/12/23

HOA Y/N No

Originating Board Stellar MLS

Year Built 1994

Annual Tax Amount $2,760

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 100x200

Property Description

Rare opportunity to own a C-2 General Commercial & Shopping Center zoned property on the Northern Peninsula
along Scenic A1A, producing immediate income. Located on the west side of A1A across from the Publix shopping center, less than
a mile from the Hammock Beach Resort, & surrounded by residential homes provides a PRIME location. This property produces
multiple incomes. The front half of the property provides structures and outdoor areas for a well established restaurant/bar (lease in
place) & billboard (land lease in place). At the rear of the property there is a residential bungalow (lease in place). The
potential to redevelop the entire half acre is also an opportunity to create a new venture given the C-2 zoning that is in place. Funds are in place for future City Sewer Lines along N Ocean Shore Blvd to Bings Landing. This project is in the planning stage (See Realtor Only Remarks for article link). Once completed the owners will have access to hook into the city sewer and get off septic sewer. This will open even more potential to this property and also add additional value. This is a real estate sale only. The business, inventory, furniture/decor & equipment do not convey. Appointments are mandatory, please do not disturb the tenants or business operation. Seller Financing Available.

Location

State FL

County Flagler

Community Artesia Sub

Zoning C-2

Interior

Heating None

Cooling Mini-Split Unit(s)

Flooring Tile

Exterior

Parking Features Parking Spaces - 19 to 30

Utilities Available BB/HS Internet Capable, Water Connected

Roof Type Other, Shingle

Building

Lot Description Corner Lot

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water Public

Structure Type Block, Stucco

New Construction false

Others

Ownership Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by COLDWELL BANKER REALTY
Bought with COLDWELL BANKER REALTY
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