Added: Mar 11Changed: Aug 8Last Checked: Aug 8 at 6:22AM
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Investment Insights
Based on property information with market context.
The Promenade, currently under construction, is situated at the southwest corner of Central Avenue and Bulldog Drive, directly opposite Central Park in Town Center. This location offers high visibility and is intended to be a central hub for living, working, and recreation in Palm Coast. The Promenade features rooftop lounges, dedicated outdoor gathering spaces, a pool, pickleball courts, direct access to multi-use trails, and greenbelt views, with a design focused on pedestrian-friendly streetscapes. The available retail, restaurant, medical, and office space is located on the first floor, encompassing 57,000 square feet. Units range in size from 1,500 square feet to 5,900 square feet. Above the commercial space, there will be 204 contemporary studio, one- and two-bedroom residences. This unique location aims to serve the growing Town Center residential area, which includes approximately 1,500 single-family homes, townhomes, and apartments. The upper-floor apartments above The Promenade are expected to provide a built-in resident base, ensuring consistent daytime and evening foot traffic. The increasing residential and employment base in the Town Center area is anticipated to drive demand for dining, daily-service businesses, and convenience retail. The design emphasizes walkability, outdoor amenity spaces, and integration with trails and greenbelts to enhance customer experience. The planned tenant mix allows for flexibility, accommodating both large anchor tenants and boutique businesses, with opportunities for anchor restaurants, upscale cafés, or service-oriented businesses such as salons, spas, and fitness centers.
Key Highlights
High‑visibility location directly across from Central Park at Town Center.
Built‑in resident base from 204 upper‑floor apartments ensures consistent foot traffic.
Growing residential and employment base in Town Center increases demand for businesses.
Property Analytics
Property Profile
Current Use
Retail space
Suggested Use
Top PickHVAC ServiceBuilding SupplyBakery(Bike/Boat/Book/etc) StoreCarpet & Flooring StoreAuto Repair 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
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Lease Benchmarks for Palm Coast, FL
$30.5 /SF/Yr
Avg Asking Price
$4–$48 /SF/Yr
Price Range
3,584 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
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Retail space - Retail, restaurant, medical, and office spaces available for lease.
Where is this retail space located?
The property is located at 469 BULLDOG Dr 2 Palm Coast, FL.
What is the lease rate?
The lease rate is $80,465.
What are key features of this property?
This property features: High‑visibility location directly across from Central Park at Town Center.; Built‑in resident base from 204 upper‑floor apartments ensures consistent foot traffic.; Growing residential and employment base in Town Center increases demand for businesses.