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    OFF-MARKET
    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
    by Request
    Owner & transaction history
    Edwin E Cuaresma Cardona · 3 yrs held
    Edwin E Cuaresma Cardona
    since 2022
    Last sale
    $300,000
    5 recorded transactions
    2024
    2022
    $300,000
    1999
    1969
    1969
    Zoning & alternative use
    COM-2 · Palm Coast, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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