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703 S State St S
Bunnell, FL 32110
Retail Property For Sale
Investment Highlights
- Prime Multi-Unit Investment Opportunity along busy US-1 / State Street in the heart of Bunnell’s growing business corridor
- Separate Storage Income: Rear section features 7 storage units (five × 250 SF, two × 500 SF) jointly owned and income-producing
- Lot Size: ± 2.9 acres with ample parking and excellent frontage visibility
- 9 Condominium-Style Units (approx. 800-–1200 SF each) ideal for office, retail, Showroom 7 storage units
- Total Building Area: approx. 8,500 SF (per public record)
- Zoning: I-B (Industrial/Business) — flexible for retail, office, or light industrial usesUtilities: Each condo unit has independent electric meter.
Executive Summary
Investor Opportunity – High-Visibility Income Property in the City of Bunnell!
Located directly on U.S. 1 (State Street), this solid concrete block commercial complex offers excellent visibility, multiple income streams, and strong upside potential. The property includes nine (9) retail/office storefront units plus seven (7) income-producing storage spaces, most of which are newly renovated and fully leased.
Current gross monthly income is $13,841, with annual taxes of $13,518 and an estimated NOI of approximately $144,000, providing immediate positive cash flow. Leases renew in 2026, with projected income expected to increase to over $16,841 per month, offering built-in appreciation and higher future returns.
Zoned I-B (Industrial/Business), allowing for a variety of commercial uses, this well-maintained property features ample parking, substantial frontage, and stable tenancy. Ideal for an investor or owner-user seeking a high-yield, low-maintenance property in Flagler County’s growing Business corridor.
Located directly on U.S. 1 (State Street), this solid concrete block commercial complex offers excellent visibility, multiple income streams, and strong upside potential. The property includes nine (9) retail/office storefront units plus seven (7) income-producing storage spaces, most of which are newly renovated and fully leased.
Current gross monthly income is $13,841, with annual taxes of $13,518 and an estimated NOI of approximately $144,000, providing immediate positive cash flow. Leases renew in 2026, with projected income expected to increase to over $16,841 per month, offering built-in appreciation and higher future returns.
Zoned I-B (Industrial/Business), allowing for a variety of commercial uses, this well-maintained property features ample parking, substantial frontage, and stable tenancy. Ideal for an investor or owner-user seeking a high-yield, low-maintenance property in Flagler County’s growing Business corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,611 SF
Building Class
B
Year Built
1998
Price
$2,188,544 CAD
Price Per SF
$254.16 CAD
Cap Rate
10.33%
NOI
$226,077 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
2.90 AC
Zoning
I-B - I-B (Industrial/Business) Future use L-1 Confirm with City
Parking
25 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
268’ on State St
Amenities
- 24 Hour Access
- Corner Lot
- Food Court
- Pylon Sign
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 10-12-30-0850-02990-0000 | Improvements Assessment | $856,223 CAD |
| Land Assessment | $0 CAD | Total Assessment | $856,223 CAD |
Property Taxes
Parcel Number
10-12-30-0850-02990-0000
Land Assessment
$0 CAD
Improvements Assessment
$856,223 CAD
Total Assessment
$856,223 CAD
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