This website uses "cookies" to ensure you get the best experience on our website. Using this website means you're OK with it.
Note

The Preserve at Palm Coast, a fully developed multifamily site

Listing was updated at: 06/06/2019
The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site The Preserve at Palm Coast, a fully developed multifamily site

Property Overview

Price/Rent PSF $ 8,000,000.00
Asset Type Land
Trade Type Sale
Acres Available 23.00
Date Available 06/06/2019
Additional URL Link
Additional parameters Show
Search Demographic Data Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Export PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this

Description

Location
Located on the west side of Colbert Lane, approximately 0.5 miles north of SR 100

Sale
The Preserve at Palm Coast is a 23+/- acre fully developed multifamily site in Palm Coast, FL. The project was designed, and all site work has been constructed, to accommodate 160 residential condominium units, but was shelved during the Great Recession. The site is ideally located on Colbert Lane and nearby to both existing subdivisions (Palm Coast Plantation, Grand Haven) and the new Marina Del Palma mixed-use community. The Preserve at Palm Coast offers a wonderful opportunity for a developer to quickly bring a new multifamily project online that can be delivered in this cycle.

The Preserve at Palm Coast was designed for 160 condo units across 10 condo buildings (16 units per building) plus a 5,000 SF clubhouse amenity. The units in the planned four-story condos range in size from 1,600 - 2,400 SF and can be revised to suit today's market. Nearly $5m was previously spent on site construction including roadways, storm water retention, utilities, a bridge, street signs and lighting. All previous engineering and plans are available.

This is a unique opportunity for a developer to quickly bring new condo units to the Palm Coast market. The project could be finished off as a 55+ adult community, senior housing (ILF) and/or rental project. The site plan could also be modified to accommodate other compatible uses such as an Assisted Living Facility. Joint Venture opportunities will also be considered. Contact broker for details.

Location

Are you sure you want to delete your listing

We recommend you archive listings rather than delete them, for future reference.

Can we add this to our comparable database?

Are you sure you want to archive your listing

Can we add this to our comparable database?

Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.