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Mixed-Use Property with Rooftop Amenities
For Lease
$206,850

11-890 Central Ave, Palm Coast, FL 32137

Under-construction mixed-use development combining commercial space, residences, outdoor amenities, and trail access.

Space SizeContact for details
Days on Market302

Property Features for 11-890 Central Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $205,030
Listing Agency: ONE SOTHEBYS INTERNATIONAL
Listed By: Cornelia Downing Manfre · License #BK3008604
Source: Exprealty
Added: Nov 14, 2025 Changed: Sep 11 Last Checked: Sep 11 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE SOTHEBYS INTERNATIONAL

Investment Insights

Based on property information with market context.

The Promenade is an under-construction mixed-use development with first-floor space planned for retail, restaurant, medical, and office uses. Commercial areas are being developed within a 57,000sf floorplate, with suites ranging from 1,500sf to 5,900sf. The project is expected to be completed in Q2 2026, with 204 studio, one- and two-bedroom residences planned above the commercial component.

The property is positioned at the southwest corner of Central Avenue and Bulldog Drive, directly across from Central Park at Town Center. Site amenities include rooftop lounges, outdoor gathering areas, a pool, pickleball, greenbelt views, and direct access to multi-use trails. Pedestrian-oriented streetscapes and the surrounding Town Center residential and employment base support a setting for retail, dining, daily services, and office-oriented uses.

Key Highlights

  • First‑floor commercial space planned within a 57, 000sf floorplate
  • Suite sizes range from 1, 500sf to 5, 900sf
  • 204 studio, one- and two‑bedroom residences planned above the commercial space

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Nail Salon (Bike/Boat/Book/etc) Store Law Firm Spa & Massage Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

58
Businesses Nearby

Demographics for 32137, FL

46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value

Market

Lease Benchmarks for Palm Coast, FL

$35 /SF/Yr
Avg Asking Price
$35–$35 /SF/Yr
Price Range
4,508 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Under-construction mixed-use development combining commercial space, residences, outdoor amenities, and trail access.
Where is this mixed-use property located?
The property is located at 11-890 Central Ave Palm Coast, FL.
What is the lease rate?
The lease rate is $206,850.
What are key features of this property?
This property features: First‑floor commercial space planned within a 57, 000sf floorplate; Suite sizes range from 1, 500sf to 5, 900sf; 204 studio, one- and two‑bedroom residences planned above the commercial space
More about this property
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