Online Auction Nov. 13-15, 2023.
Marcus & Millichap and RI Marketplace are pleased to present a 1.22-Acre parcel located adjacent to 225 Cypress Edge Drive (the “Property”) in Palm Coast, Florida. This Property offers an exceptional investment opportunity to develop a Lowe's outparcel within a dense retail corridor in a growing north Florida coastal community.
The Property is located within a robust trade area near a mix of residential and retail demand generators. Nearby retailers include Lowe's, Home Depot, Walmart, Belk, Hobby Lobby, Publix, Petco, Golf Usa, Anytime Fitness, Zaxby's, Bob Evans, Outback, Discount Tire, Carrabba's, and many others. Permitted uses for the parcel include retail, restaurants, office, hospital, pharmacy, professional office, and more.
Palm Coast has seen a 300% increase in population since 2000. The city is situated approximately 30 miles north of Daytona Beach and 60 miles south of Jacksonville on the Atlantic coast. The subject property is located at I-95 and Palm Coast Pkwy, benefitting from its location in a high traffic area with ±89,303 vehicles per day on I-95 and an additional ±44,944 vehicles per day on Palm Coast Parkway. The Property offers excellent accessibility to the greater area and is strategically located in a densely populated area that serves ±88,038 individuals with an average household income of within a 5-mile radius. The area has benefited from significant population growth of ±28.72% from 2010-2023 and will continue to benefit from a population that is expanding, with ±6.93% growth projected from 2023-2028 (5-mile radius).
Lamar P. Fisher
Fisher Auction Company Inc.
Fisher Auction Co: Ab106