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Mixed-Use Retail and Residential Development

F101-890 Central Ave, Palm Coast, FL 32137

For Lease
$26,250

Under-construction mixed-use development combining first-floor commercial space with residences and pedestrian-oriented outdoor amenities.

Space SizeContact for details
Days on Market362

Property Features for F101-890 Central Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $205,030
Listing Agency: ONE SOTHEBYS INTERNATIONAL
Listed By: Cornelia Downing Manfre · License FL BK3008604
Source: Exprealty
Added: Nov 14, 2025 Changed: Oct 26 Last Checked: Nov 8 at 11:48AM

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

Rey
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Investment Insights

Based on property information with market context.

The Promenade is an under-construction mixed-use development at the southwest corner of Central Avenue and Bulldog Drive in Palm Coast. Its first floor contains 57,000sf of commercial space planned for retail, restaurant, medical, and office uses, with available units ranging from 1,500sf to 5,900sf. The upper levels will include 204 studio, one- and two-bedroom residences.

Property amenities include rooftop lounges, outdoor gathering areas, a pool, pickleball facilities, multi-use trail access, greenbelt views, and pedestrian-friendly streetscapes. The development is directly across from Central Park at Town Center and is designed to serve surrounding residential and employment activity, including approximately 1,500 single-family homes, townhomes, and apartments in the Town Center area.

Key Highlights

  • 57, 000sf of first‑floor commercial space
  • Available commercial units from 1, 500sf to 5, 900sf
  • 204 studio, one- and two‑bedroom residences above the commercial space

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Nail Salon (Bike/Boat/Book/etc) Store Law Firm Spa & Massage Center Cafe & Coffee 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

58
Businesses Nearby

Demographics for 32137, FL

46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value

Market

Lease Benchmarks for Palm Coast, FL

$35 /SF/Yr
Avg Asking Price
$35–$35 /SF/Yr
Price Range
3,895 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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Under-construction mixed-use development combining first-floor commercial space with residences and pedestrian-oriented outdoor amenities.
Where is this mixed-use property located?
The property is located at F101-890 Central Ave Palm Coast, FL.
What is the lease rate?
The lease rate is $26,250.
What are key features of this property?
This property features: 57, 000sf of first‑floor commercial space; Available commercial units from 1, 500sf to 5, 900sf; 204 studio, one- and two‑bedroom residences above the commercial space
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