12
Map
$0
●
Land -
In Contract
2 MIDWAY DRIVE
PALM COAST, FL 32164
Studio
0 Bath
$0
Est. Monthly
About This Property
Land Lease with 100 feet of frontage on SR100, Palm Coast's premier
east/west retail Corridor. Over 40K AADT. This parcel is comprised
of 3 separately deeded lots for a total of .8 acres. Included with
this listing are parcels at 3 Midway Drive and 64 Midway Drive.
Located just 2.5 miles west of I-95 exit. This gem is in the
heart of Town Center between the Wawa and Storage King and across
from Airport Commons Phase 1. Perfect location for a QSR with a
drive thru or any of the many uses allowed under COM-2 zoning. This
area is the center of commercial growth with BJ's .1 miles to
the east and the Target anchored Center (over 250K sf) .2 miles to
the west.
Unit Size
-
Days on Market
-
Land Size
0.80 acres
Price per sqft
-
Property Type
Land
Property Taxes
$119
HOA Dues
-
Year Built
1970
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (Stellar MLS #FC316219)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2026 | Listed by PARKSIDE REALTY GROUP | $0 | |
| Listed by PARKSIDE REALTY GROUP | |||
| Sep 17, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by TAVOLACCI REALTY, INC. | $899,900 | |
| Listed by TAVOLACCI REALTY, INC. | |||
| | |||
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This property boasts a prime location, situated immediately east of the new WaWa, east of FPCH, and across from the new retail centers, all in close proximity to the airport and with direct access to State Road 100. The two front buildings comprise a total of 1,544 square feet. Additionally, a salvage value building is located on the third lot. Currently, a well and septic system are being utilized, although Palm Coast water and sewer are also available. The property features three curb cuts from Midway Drive. The Automotive and Upholstery businesses may be purchased separately. The property's value lies in its land and highly desirable location, making it an ideal opportunity to build and utilize for a new business venture. Zoned Commercial 2, this property presents a unique opportunity for a variety of commercial uses. Disclosure: The listing agent is related to the property owner.
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Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Area: 36462
Lot Size Units: Square Feet
Lot Size Acres: 0.8
Lot Size Square Feet: 36462
Lot Size Dimensions: 103 x 354
Tax Lot: 1
Water Source: Public
Financial Details
Tax Annual Amount: $1,430
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Margaret Jones
PARKSIDE REALTY GROUP
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# FC316219
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
PARKSIDE REALTY GROUP
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# FC316219
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017