Added: Mar 11Changed: Oct 26Last Checked: Oct 28 at 10:20AM
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Investment Insights
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The Promenade, currently under construction with an expected completion in Q2 2026, is situated at the southwest corner of Central Avenue and Bulldog Drive, directly across from Central Park at Town Center. This location is intended to be the center of Palm Coast, designed as a live, work, and play environment. The development features roof-top 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 retail, restaurant, medical, and office space is located on the first floor, encompassing 57,000 square feet. Units range in size from 1,500 to 5,900 square feet. Above the commercial space, there will be 204 studio, one- and two-bedroom residences. The location is intended to service 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 ensure consistent daytime and evening foot traffic. The growing residential and employment base in the Town Center area is anticipated to increase demand for dining, daily-service businesses, and convenience retail. Walkability, outdoor amenity spaces, and integration with trails and greenbelts are intended to create an elevated customer experience. There is flexibility in planned tenant mix, with opportunities for anchor restaurants, upscale cafés, or service-oriented businesses such as salons, spas, or 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.
Part of a future live, work, and play platform in the center of Palm Coast.
Property Analytics
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Open Analytics
Current Use
Retail space
Suggested Use
Top PickHVAC ServiceBakeryBuilding Supply(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
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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
Check the figures for this propertyCap Rate, Value Estimation, Potential NOI and more
Retail space - Under construction retail space with residential component in Palm Coast.
Where is this retail space located?
The property is located at 890 CENTRAL F102 Palm Coast, FL.
What is the lease rate?
The lease rate is $131,250.
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.; Part of a future live, work, and play platform in the center of Palm Coast.
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New: 350 Mission StJust listed · $36/SF · 2 min ago