• Lot 3, a 306 unit apartment site - Pine Lakes Pkwy, Palm Coast, FL 32136

For Sale

Land

For Sale

This property is available for sale
25.0
Acres
$4,437,000
Sale Price
  • Overview

    Pine Lakes Pkwy, north of Palm Coast Parkway. Site is adjacent to Pine Lake Luxury Apartments. Lot 3 is a 25+/- acre planned multifamily development site in Palm Coast, FL tentatively named Palm Coast Apartments. The site is located on Pine Lakes Parkway approximately 0.5 miles north of Palm Coast Parkway, which is the primary east/west road in Palm Coast. The property has an enviable location near the major shopping centers, restaurants and recreation of the area. It offers quick access to both I-95 and US 1 and is just 4.5 miles from the beach. Lot 3 is adjacent to the Pine Lakes Luxury Apartments, a 184 unit condominium that was converted to apartment use after the Great Recession. The 25+/- acre site has been designed and planned for 306 garden-style apartment units. Charlan Brock & Associates of Orlando is the project architect and has created a program with the ideal mix of unit types, sizes and amenities. The project consists of 14 two, three and four-story buildings along with a clubhouse and other desirable amenities. It offers 106 one-bedroom, 170 two-bedroom and 30 three-bedroom units. Parking is ample with 556 provided spaces (including 76 enclosed garages). Flagler County was named the FASTEST GROWING COUNTY IN THE ENTIRE US in 2006 and continues to bring in new residents, business, shopping and entertainment during this recovery. The current population is over 110,000 residents and there are only 1, 147 apartments in the entire county to service these residents. There exists a HUGE DEMAND for additional apartments in Flagler County! Only two market-rate, garden-style apartment projects have been developed in the last 20 years (one of which is a converted condo). Both of these apartment complexes are at full occupancy and have waiting lists that are many months long. This Lot 3 multifamily site represents a tremendous opportunity to fill that void. SVN Alliance has been retained as the exclusive listing agent to market and sell this exciting development site. Interested parties are encouraged to contact us to further discuss the property in detail. The site can be delivered as-is for you to complete with your development team or fully entitled. Seller financing and/or JV opportunities will also be considered.

Contact or Call

Property Details

Pine Lakes Pkwy, north of Palm Coast Parkway. Site is adjacent to Pine Lake Luxury Apartments. Lot 3 is a 25+/- acre planned multifamily development site in Palm Coast, FL tentatively named Palm Coast Apartments. The site is located on Pine Lakes Parkway approximately 0.5 miles north of Palm Coast Parkway, which is the primary east/west road in Palm Coast. The property has an enviable location near the major shopping centers, restaurants and recreation of the area. It offers quick access to both I-95 and US 1 and is just 4.5 miles from the beach. Lot 3 is adjacent to the Pine Lakes Luxury Apartments, a 184 unit condominium that was converted to apartment use after the Great Recession. The 25+/- acre site has been designed and planned for 306 garden-style apartment units. Charlan Brock & Associates of Orlando is the project architect and has created a program with the ideal mix of unit types, sizes and amenities. The project consists of 14 two, three and four-story buildings along with a clubhouse and other desirable amenities. It offers 106 one-bedroom, 170 two-bedroom and 30 three-bedroom units. Parking is ample with 556 provided spaces (including 76 enclosed garages). Flagler County was named the FASTEST GROWING COUNTY IN THE ENTIRE US in 2006 and continues to bring in new residents, business, shopping and entertainment during this recovery. The current population is over 110,000 residents and there are only 1, 147 apartments in the entire county to service these residents. There exists a HUGE DEMAND for additional apartments in Flagler County! Only two market-rate, garden-style apartment projects have been developed in the last 20 years (one of which is a converted condo). Both of these apartment complexes are at full occupancy and have waiting lists that are many months long. This Lot 3 multifamily site represents a tremendous opportunity to fill that void. SVN Alliance has been retained as the exclusive listing agent to market and sell this exciting development site. Interested parties are encouraged to contact us to further discuss the property in detail. The site can be delivered as-is for you to complete with your development team or fully entitled. Seller financing and/or JV opportunities will also be considered.

  • Property Type
    Land
  • Sale Price
    $4,437,000
  • Total Acres
    25.0
  • Sale Status
    Available
  • Last updated
    May 26, 2020
  • Property ID
    1989866

Landlord's Sales Representative

  • Chris Butera
    SVN Alliance Commercial Real Estate Advisors