6198 Colbert LnPalm Coast, FL 32136
Lighthouse Harbor
Asset ClassMultifamily
Overview
Franklin Street is pleased to present the Lighthouse Harbor Land Site, a 24-acre parcel ideally located in the rapidly growing Palm Coast market. Positioned near key transportation corridors, the site offers excellent accessibility and visibility for a wide range of development opportunities. With close proximity to major retailers such as Publix, Starbucks, and Lowe’s—as well as nearby dining, recreation, and essential services—the property is exceptionally well-situated for future growth.
Investment Highlights
- The Property is Currently Entitled for 240 Multifamily Units
- Proposed Development Includes 80 Private Garage Spaces, which Provides a Significant Boost to Net Operating Income
- Proximity to Major Thoroughfares such as Interstate 95 and State Road 100 Allow for Excellent Local and Regional Connectivity
- The Property is Located within a High-Growth Area, with an Estimated Population Growth of 14.8% Expected by 2030, Signaling the Need for Additional Housing
- Located only 5 Minutes from Flagler Beach, the Property Offers a Plethora of Recreational Activities and Lifestyle Appeal to Prospective Tenants
- Summit Contracting’s Prototype, which can Easily be Built on the Property, can Save Developers 5-10% on Vertical Construction
- The Property is Part of the Marina Village Master Development, which will add 200 Wet/Dry Boat Docks, 100,000 Square Feet of Commercial Space, and Numerous options to the Immediate Area
6198 Colbert LnPalm Coast, FL 32136
Sales Team
Listing provided by Revere CRE