65 Acres of Land at the Town Center at Palm Coast for Sale on GovDeals.com

Rhea-AI Summary

Flagler County is auctioning 65 acres of undeveloped land in Palm Coast, zoned for commercial and retail use. The auction is hosted on GovDeals and bids are open until November 6, 2020. The site permits 80,000 ft² of office space and 85,000 ft² of retail space, near Advent Health Hospital with access to Interstate 95. The land is part of the Innovation District, designated an Opportunity Zone, and is included in the Innovation Kick Start Program to boost local development. Buyers can register at GovDeals.com for property inspection and bidding.

Positive

• 65 acres of land zoned for commercial and retail use, presents a prime development opportunity.
• Located in an Opportunity Zone and part of the Innovation Kick Start Program, indicating local government support for development.
• Permits significant office and retail space, enhancing the potential for profitable business operations.

Negative

• None.

PALM COAST, Fla., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Flagler County, FL is selling just over 65 acres of undeveloped land located in the Town Center within the city of Palm Coast, a community development district zoned for commercial and retail space. Flagler County is selling the property on GovDeals.com, the leading online marketplace for government surplus. The Town Center complex is the county’s first auction with GovDeals. Interested buyers can submit bids until November 6, 2020 at GovDeals.com.

While the land parcel currently does not have any structures, the zoning regulation includes 80,000 ft² of permitted office space and 85,000ft² of permitted retail commercial space. The property is located on Town Center Blvd, near the Advent Health Hospital, and has quick access to Interstate 95. The parcel has electrical hookups and streetlights running alongside the edge of the land and includes a small body of water surrounded by trees and shrubbery.

Palm Coast is a relatively new city located within Flagler County, receiving its incorporation December 31, 1999. In the last 20 years the city has continued to grow, develop, and expand with more than 4500 businesses currently calling Palm Coast home.

According to the city’s website, the area where the property is located is part of their Innovation District, centrally-located in the urban core of Town Center, and is designated an Opportunity Zone and a part of the Innovation Kick Start Program.

Palm Coast created the Innovation Kick Start Program to encourage new development projects and businesses in the area. The program was designed to facilitate the creation and commercialization of new ideas and support the city’s economy by growing jobs. Through the program, the city of Palm Coast will provide assistance towards utility impact fees to future property owners, developers and/or business owners.

“The sale of a commercial property this size would be a unique opportunity for real estate developers that may be looking for a land parcel that is zoned for business and ready to build,” stated Holly Durance, Purchasing Manager for Flagler County.

Inspection of the property by potential buyers is encouraged by the county prior to submitting a bid. Interested buyers must first register as a bidder at GovDeals.com/Register.

About GovDeals and Liquidity Services, Inc.

GovDeals is a marketplace of Liquidity Services. Liquidity Services operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. The company employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government sellers. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 14,000 sellers worldwide. With over $8 billion in completed transactions, and over 3.6 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9fa0a1c0-f272-4cbd-9e96-691694cf887c

FAQ

What is the auction date for the Flagler County land?

The auction for the Flagler County land is open until November 6, 2020.

Where can I place a bid for the Palm Coast land?

Bids can be placed on GovDeals.com.

What are the zoning regulations for the Palm Coast property?

The property allows for 80,000 ft² of office space and 85,000 ft² of retail commercial space.

Why is this land in an Opportunity Zone?

The land is designated as an Opportunity Zone to promote economic growth and development in the area.

What is the Innovation Kick Start Program?

The Innovation Kick Start Program encourages new development projects and provides assistance with utility impact fees.