7 Kings Way Palm Coast, FL 32137

This ±1.05-acre property, located at 7 Kings Way, Palm Coast, FL 32137, presents a compelling repositioning opportunity. The existing 5,800 square foot Denny's building, built in 1988 and renovated in 2015 ($400,000 investment), sits on a highly visible site in Palm Coast's premier retail corridor. The current NNN lease expires January 2025, offering significant flexibility for redevelopment or reletting. The property boasts 61 parking spaces (10.5 per 1,000 sq ft) and benefits from its proximity to I-95 and Palm Coast Parkway, experiencing approximately 44,000 vehicles per day. The location is strategically outparceled to a major shopping center anchored by national brands, ensuring high foot traffic. Palm Coast's rapid growth (fifth fastest-growing city in Florida, 18th fastest in the US) and a population exceeding 93,200 within a 5-mile radius, projected to increase by over 22% in five years, makes this a strong investment. The asking price is $1,711,000 ($295/sq ft land value). This presents a chance to capitalize on a thriving market and a prime location with significant upside potential. The property features a single-story building with a 100% occupancy rate.