15 HARGROVE LANE 5L
Palm Coast, FL, 32137 $ 189,000
Bedrooms-- Baths-- Sq 1,000 Monthly Estimate*
$ 1,179
for $189,000. This 1,000 square foot building was built in 2006 on a lot size of 0.02.
Imagine the possibilities: perfect for a growing small business, an owner-user looking for a permanent home, or a savvy investor seeking excellent rental income potential. Benefit from assigned parking and the vibrant business community around you, including auto mechanics, screened enclosure installers, painters, HVAC companies, pool supply businesses, and bakers. Don't miss this rare opportunity to secure a low-maintenance, income-producing asset in a well-maintained complex. This is more than just a property; it's a strategic investment in your business's success. Located in the heart of Palm Coast's thriving commercial corridor, this light industrial unit offers the ideal blend of functionality and location. This is a real estate listing for the sale of two commercial units, 5K and 5L, located in Palm Coast, Florida. The seller is offering both units together for a total of $430,000. The units combined highlight 2,000 square foot space, plus a dedicated 400 sq. ft. office with 2 private bathroom, 12 foot overhead door for a seamless access and new wall A/C ! It is presented as a low-maintenance, income-producing property with a monthly HOA fee of $315 per unit and an average rental income of $1,500 per unit. The listing emphasizes the property's prime location within the commercial and industrial corridor of Palm Coast. Property details: Two units (5K and 5L) combined for a total of 2,000 sq ft Asking price: $430,000 Monthly HOA fee: $315 per unit ($941 quarterly) Average rental income: $1,500 per unit Location: Palm Coast, Florida, within a commercial and industrial corridor Assigned Parking: Convenient assigned parking spaces are included. Established Location: Situated in a well-maintained complex, the property offers excellent visibility and access to major roadways. Thriving Network: Join a community of established businesses, including mechanics, painters, and HVAC companies, for valuable networking opportunities. Low Fees: The monthly HOA fee is $315 per unit, making it a cost-effective investment. Versatile Space: The combined 2,000 sq. ft. offers flexibility for a wide range of business uses, including a combination of office, shop, and storage space. Functional Layout: The units include a total of 1,600 sq. ft. of shop area and 400 sq. ft. of office space, which features private bathrooms and a new wall A/C unit in one office. Easy Access: A 12-foot overhead door provides simple access for deliveries, equipment, and vehicles. Income Potential: This low-maintenance property has strong rental income potential, with an average rental income of $1,500 per unit. Assigned Parking: Convenient assigned parking spaces are included.
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FeaturesGeneralCooling Wall/Window Unit(s)
Zoning IND-2
Construction Materials Metal Frame Metal Siding
Pets Allowed No
Year Built 2006
Unit Number 5L
Property Subtype Office
Tax Year 2024
Ownership Condominium
Community Features Sidewalks
County Flagler
New Construction false
Property Type Commercial Sale
Subdivision Name PALM COAST COML & INDL CENTE
Status Active
Directions From US-1 North turn left onto Hargrove Grade. Turn left onto Hargrove Lane. The complex is at the end of the cul-de-sac on Hargrove Lane. After entering the complex your building will be the second on the left on the corner.
City PALM COAST
Association Name Watson Association MAnagement
MLS Area 32137 - Palm Coast
Lot Size Units Square Feet
Lot Size Square Feet 1000
Listing Terms Cash Conventional FHA Other
Tax Annual Amount 2077
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 0
Legal Description PALM COAST COMMERCIAL & INDUSTRIAL CENTER CONDO PHASE 1 UNIT 5L & UNDIVIDED INTEREST IN COMMON ELEMNETS OR 1548/702 OR 1862/1949 OR 1883/622 OR 2159/517
Water Access Y/N false
Monthly Condo Fee Amount 300
Water View Y/N false
Flood Zone Code X
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InteriorAir Conditioning Y/N true
Total Baths 0
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ExteriorLot Size Area 1000
Foundation Details Slab
Number of Buildings 1
Building Area Total 1000
Lot Size Acres 0.02
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type Business District City Street
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* Excluded FeaturesList Bymarcelia007@icloud.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,179
- Monthly Property Taxes
- $173
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Palm Coast, FL
Average List Price $1,368,617
Percent of Sale Price 624%
About Palm Coast, FL 88,371 Population
168% Since 2002
$ 50,368 Median Income
46.43 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/19/2025 | $189,000 | | Listed Price |