A1A Frontage Restaurant
5062 N OCEAN SHORE Blvd Palm Coast, FL 32137
For Sale
$950,000
Restaurant-approved property with A1A frontage and ample parking.
Property Size2,138 SF
Lot Size1.00 Acre
Price / SF$444.34
Days on Market97
Property Features for 5062 N OCEAN SHORE Blvd
General Information
Standard status
Active
Size
2,138 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
Realty Exchange LLC
(386) 931-0580
Listed By:
Jennifer Wagner · License #3620364
(386) 931-0580
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 2:34PM
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 Realty Exchange LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity for establishing a restaurant or commercial venture. Situated on almost 1 acre of land, the site offers visibility and frontage directly on A1A. The existing enclosed building space measures 2,000 square feet, with a total of 2,138 square feet under roof. Foam insulation enhances energy efficiency and climate control. Approved for restaurant use, the site includes 38 parking spaces, with 2 designated as handicapped-accessible. A 30' x 30' two-bay metal building with two 10-foot doors provides space for storage, equipment, or operational support. Additional property improvements include a 2-year-old AC system and a roof approximately 10 years old. The property is located in a coastal location with strong traffic visibility.
Key Highlights
- Prime A1A frontage with excellent visibility and high traffic.
- Approved for restaurant use with 38 parking spaces (including 2 accessible).
- Existing 2,000 sq ft enclosed building space (2,138 sq ft under roof).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $21.96 |
| − Vacancy | −$2.4k | −$1.14 |
| EGI | $44.5k | $20.82 |
| − OpEx | −$11.1k | −$5.20 |
| NOI | $33.4k | $15.61 |
2,138 SF · lease $21.96/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$476.9K
$417.3K – $556.4K
NOI $33,382 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.8K
$449.6K – $599.4K
NOI $35,965 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-approved property with A1A frontage and ample parking.
Where is this conventional restaurant located?
The property is located at 5062 N OCEAN SHORE Blvd Palm Coast, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime A1A frontage with excellent visibility and high traffic.; Approved for restaurant use with 38 parking spaces (including 2 accessible).; Existing 2,000 sq ft enclosed building space (2,138 sq ft under roof).
