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Investment Insights
Based on property information with market context.
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 high-visibility location is intended to be the center of Palm Coast, designed as a live, work, and play environment. The development will feature roof-top lounges, dedicated outdoor gathering spaces, a pool, pickleball courts, direct access to multi-use trails, and greenbelt views, with a design emphasizing pedestrian-friendly streetscapes. The first floor will offer approximately 57,000 square feet of commercial space suitable for retail, restaurant, medical, and office tenants. Units are available in sizes ranging from 1,500 square feet to 5,900 square feet. Above the commercial space, there will be 204 studio, one- and two-bedroom residences. The location is intended 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 both daytime and evening foot traffic. The increasing residential and employment base in the Town Center area is expected to drive demand for dining, daily-service businesses, and convenience retail. The walkability, outdoor amenity spaces, and integration with trails and greenbelt are intended to create an elevated customer experience, enhancing its appeal as a destination. The planned tenant mix is designed to be flexible, accommodating both large anchors 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.
Growing residential and employment base in Town Center.
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
248
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 - Under construction mixed-use development with retail, restaurant, and office spaces.
Where is this retail space located?
The property is located at 469 BULLDOG Dr 12 Palm Coast, FL.
What is the lease rate?
The lease rate is $173,355.
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.; Growing residential and employment base in Town Center.