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Nine Parcels Totaling 66.41 Acres in Airport Commerce Center Sell for $900,000

The Airport Commerce Center is a PUD developed by Palm Coast Holdings on behalf of Allete Properties. Palm Coast Holdings and Allete also developed Town Center and Palm Coast Park.

By Toby Tobin

PALM COAST, FL – October 2, 2017 – Florida Landmark Properties LLC sold nine parcels of the Airport Commerce Center totaling 66.41 acres to PC Lane LLC, of Rockledge, for $900,000. The parcels are located on the west side of Seminole Woods Parkway, between the parkway and the Flagler Executive Airport. The transaction closed September 19, 2017.

Allete Properties, the parent of Florida Landmark Communities, closed its Palm Coast Holdings entity in March and accelerated plans to divest itself of its remaining Florida properties which are largely in the Airport Commerce Center, Town Center, and Palm Coast Park. Douglas Property and Development and Maury L Carter & Associates are managing the divestiture.

Of five large sections of Palm Coast Park designated for residential development, two have been sold (see Related Stories). The remaining three residential parcels and several commercial parcels in Palm Coast Park are under contract.

AIRPORT COMMERCE CENTER PARCELS SOLD ARE OUTLINED IN RED

Airport Commerce Center Parcels Sold - Palm Coast, FL

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Don "Toby" Tobin is a licensed real estate professional affiliated with Grand Living Realty. Toby is a member of the Flagler County Association of Realtors®, the Florida Association of Realtors, Enterprise Flagler, Flagler Home Builders Association, and the National Association of Realtors.

GoToby.com proivdes real estate news, commentary, and analysis for Palm Coast and Flagler Country Florida, as well as Realtor® referrals and consultation to buyers, sellers, and developers.