4 CINNAMON GROVE LN Palm Coast, FL 32137

Owner will consider a long-term ground lease in addition to cash sale. Property has been approved for a large, 12,200 square foot office complex and 70 parking spaces. Approval was granted in 2005. Zoning is R/C which allows a variety of low intensity commercial uses. Area Area is poised for tremendous growth. Shovel ready project with 168 feet of highway frontage. Close to I95. 25 miles south of St. Augustine, 79 miles from Orlando International Airport, 28 miles from Daytona Beach. 2019 traffic count was 8,800 cars per day, up from 5,600 cars per day in 2016. Multiple residential and commercial projects under way all around this property. The Hammock has become a much sought after residential address, close to many Florida attractions and with miles of uncrowded beaches. High-end residential developments and resorts, exclusive golf courses, marinas and highly-rated restaurants surround the property.