445 Riverfront Drive, PALM COAST, FL 32137
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- MLS#: FC311334 ( Commercial Sale )
- Street Address: 445 Riverfront Drive
- Viewed: 9
- Price: $8,950,000
- Price sqft: $281
- Waterfront: No
- Year Built: 2024
- Bldg sqft: 31806
- Days On Market: 10
- Additional Information
- Geolocation: 29.5396 / -81.1643
- County: FLAGLER
- City: PALM COAST
- Zipcode: 32137
- Provided by: 3 DOT REALTY LLC
- DMCA Notice
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DescriptionWe are pleased to present an exceptional opportunity to acquire 445 Riverfront Drive, a newly constructed, luxurious condominium building located in the highly desirable Riverfront district of Palm Coast, Florida. This offering includes the entire building of 12 impeccably designed and finished luxury condominiums, each offering premium living in one of Floridas fastest growing coastal markets. For the savvy investor, this asset presents not only strong income potential through rentals, but also a compelling opportunity to realize substantial profits by selling the units individually. With average market rents already demonstrating strong cash flow, the resale value of each unit given their luxury finishes, modern amenities, and prime waterfront location offers significant upside. Capitalize on the flexibility to hold as a fully leased income property or strategically exit through high margin unit by unit sales, taking advantage of robust buyer demand for quality residences in Palm Coasts Riverfront district. Please note that the seller will accept cryptocurrency as a form of payment for this exceptional property. Further enhancing the investment value, buyers can utilize cost segregation strategies to potentially offset up to 50% of the purchase price through accelerated depreciation. This powerful tax benefit allows investors to dramatically improve after tax cash flow in the early years of ownership, making 445 Riverfront Drive not just a premier real estate asset, but a highly strategic wealth building vehicle.
Property Location and Similar Properties
Features
Accessibility Features
- Accessible Approach with Ramp
- Accessible Common Area
- Accessible Doors
- Accessible Elevator Installed
- Accessible Entrance
- Accessible Hallway(s)
Appliances
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Washer
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Electric
- 200+ Amp Service
Flooring
- Ceramic Tile
Garage Spaces
- 0.00
Heating
- Central
- Electric
- Heat Pump
Insurance Expense
- 0.00
Legal Description
- 22-11-31-3995-00C10-B101
- 22-11-31-3995-00C10-B102
- 22-11-31-3995-00C10-B103
- 22-11-31-3995-00C10-B104
- 22-11-31-3995-00C10-B201
- 22-11-31-3995-00C10-B202
- 22-11-31-3995-00C10-B203
- 22-11-31-3995-00C10-B204
- 22-11-31-3995-00C10-B301
- 22-11-31-3995-00C10-B302
- 22-11-31-3995-00C10-B303
- 22-11-31-3995-00C10-B304
Levels
- Three Or More
Living Area
- 31806.00
Lot Features
- Cul-De-Sac
- Curb and Gutters
- Fire Hydrant
- City Limits
- Landscaped
- Near Golf Course
- Paved
Area Major
- 32137 - Palm Coast
Net Operating Income
- 0.00
New Construction Yes / No
- Yes
Occupant Type
- Vacant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Other Structures
- Garage(s)
Parcel Number
- 22-11-31-3995-00C10-B101
Parking Features
- Parking Spaces - 19 to 30
- Common
- Deeded
- Ground Level
- Over 30 Spaces
Possession
- Close Of Escrow
Property Condition
- Completed
Property Type
- Commercial Sale
Road Frontage Type
- City Street
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2024
Utilities
- BB/HS Internet Capable
- Public
- Water Connected
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/FC311334
Water Source
- Public
Year Built
- 2024