Self-Storage development opportunity in Palm Coast, FL, part of the Daytona Florida MSA. This approved development site includes 23.3 +/- acres along I-95 with 1,497 feet of visibility from 89,601 cars per day with direct access from Old Kings Rd. Across the street from the site is the new Toscana community, where 200 single family homes sites are under construction. Adjacent to the site is an existing Gold Choice Senior Living Community and the recently approved Kensington Senior Living Community with 113 units. Located in a rapidly growing sector of Palm Coast, there is a significant amount of multi- and single-family housing in various stages of planning and construction within the immediate market (maps pg 12). In proximity is the Palm Coast Town Center with projects underway like the Promenade which includes a mix of restaurants, businesses, education centers and apartments complexes, scheduled to finish in 2026.
Palm Coast is the Largest City in the Flagler-Volusia zone and the 4th fastest growing county in the state of Florida in 2024. Palm Coast has seen a 25% growth rate from 2010-2022 according to US Census and UF Bureau of Economic Business Research.
This 23.3+/- site plan approved development includes 6 single-story mix of indoor climate controlled and drive-up storage buildings totaling 97,190 GSF | 84,200 RSF | 677 Units; as well as 224 Covered and 62 Uncovered Boat/RV Parking Spaces. 55% of the drive-up units (36% of the total NRSF) are climate-controlled units, setting this opportunity apart from the competition. This differentiating factor may attract higher end tenants who prefer the convenience of drive-up with the benefit of climate. The seller has construction drawings in hand, and the project is ready for permit review submission.
