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Mixed-Use Property with Rooftop Lounges
New
For Lease
$35 SF/Yr

890 Central Avenue E101, Palm Coast, FL 32164

Under-construction mixed-use development with first-floor commercial space and residences above.

Space Size1,500 SF - 5,900 SF
Property Size57,000 SF
Days on Market6

Property Features for 890 Central Avenue E101

General Information

Standard status Active
Size 1,500 SF - 5,900 SF
Net Rentable 1,500 SF

Space & Availability

Available Space 1,500-5,900 SF
Contiguous Space 5,900 SF
Floor 1

Additional Details

Corner Location Yes

Amenities

roof-top lounges
outdoor gathering spaces
pool
pickleball
multi-use trails access
greenbelt views
pedestrian-friendly streetscapes

Building Details

Year Built 2026
Building Size 57,000 SF
Tenancy Multi
Listing Agency: ONE SOTHEBYS INTERNATIONAL
Listed By: Cornelia Downing Manfre · License #BK3008604
Source: Chenoregroup
Added: Sep 19 Changed: Sep 23 Last Checked: Sep 22 at 9:43PM

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 57,000 square feet of first-floor commercial space and 204 residences above. Commercial suites range from 1,500 square feet to 5,900 square feet and are positioned for retail, restaurant, medical, and office uses. Planned property features include rooftop lounges, outdoor gathering areas, a pool, pickleball, multi-use trail access, and greenbelt views.

The development is planned at the southwest corner of Central Avenue and Bulldog Drive, directly across from Central Park at Town Center. Its design incorporates pedestrian-friendly streetscapes and connections to the surrounding trail and greenbelt network. The upper-floor residences are intended to provide an on-site residential customer base, while the Town Center area includes approximately 1,500 single-family homes, town homes, and apartments.

Key Highlights

  • 57,000 square feet of first‑floor commercial space
  • Commercial suites from 1,500 square feet to 5,900 square feet
  • 204 contemporary studio, one- and two‑bedroom residences above

Property Analytics

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Current Use

Dock at Central Fishing Pier

Suggested Use

Top Pick Auto Repair Shop Building Supply Garden Center HVAC Service Big Box & Wholesale Store Skin Care Clinic

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby
64k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 60% Shops & Services 40%
T.J. Maxx Apparel
38,789 visits/mo 0.5 miles
PetSmart Shops & Services
23,644 visits/mo 0.5 miles
America's Best Contacts & Eyeglasses Shops & Services
2,057 visits/mo 0.5 miles

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 property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Palm Coast, FL

$35 /SF/Yr
Avg Asking Price
$35–$35 /SF/Yr
Price Range
4,244 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Under-construction mixed-use development with first-floor commercial space and residences above.
Where is this mixed-use property located?
The property is located at 890 Central Avenue E101 Palm Coast, FL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 57,000 square feet of first‑floor commercial space; Commercial suites from 1,500 square feet to 5,900 square feet; 204 contemporary studio, one- and two‑bedroom residences above
More about this property
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