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Property profile & analytics
OFF-MARKET Estimated value $260,000
Strip malls

5 Utility Dr Palm Coast, FL 32137-4628

20,080 SF 6.55 ac lot Built 2001
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-4951677
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity in Palm Coast, Florida, is priced at $469,000. Located at 5 Utility Drive, within the Woodland Commons Strip Mall on a 6.55-acre parcel, this established Neapolitan-style pizza restaurant boasts approximately 2,900 square feet of space and seating for 90 patrons. The sale includes nearly $250,000 worth of furniture, fixtures, and equipment (FFE), supplies, and improvements. A key feature is a stunning, approximately $25,000 ceramic, igloo-shaped, wood-fired pizza oven, a major attraction for customers. The restaurant enjoys a prime location with excellent visibility, close proximity to I-95, Palm Coast Parkway, and major retailers, ensuring a large pool of potential customers. The property benefits from ample parking. This fully licensed establishment, including a full liquor bar, presents a rare opportunity for immediate operation and profitability. The restaurant is easily accessible via I-95, taking Exit 289, then east on Palm Coast Parkway to Old Kings Road, turning south (right) approximately one mile to the strip mall on the east side of Old Kings Road. This is a truly remarkable opportunity for a discerning buyer seeking a thriving, established business in a high-demand location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,080 SF
Lot 6.55 ac (285,318 SF)
Zoning code COM-2
APN 18-11-31-0000-02010-0070
UPID US18-4951677
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Palm Coast Real Estate Real Estate Agency
  • Relief Leaf CBD (Bike/Boat/Book/etc) Store
  • Indoor Revolution LLC. Sports Field & Court Sports School
  • Palm Coast Pet Spa Pet Grooming Service
  • FitnessByScott Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k
Owner & transaction history
Edwin E Cuaresma Cardona · 3 yrs held
Edwin E Cuaresma Cardona
since 2022
Last sale
$300,000
5 recorded transactions
2024
Price N/A
2022
$300,000
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
COM-2 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the COM-2 district is to provide areas for general commercial and office uses to meet the community-wide demand for retail, services, business, and employment opportunities.

Zone name Commercial
General category COMMERCIAL
Zone area 1,368.24 ac
Source Realmo
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