Commercial Sale · Mixed Use
703 S STATE STREET, BUNNELL, FL, 32110
Active263 days on marketListed Oct 31, 2025MLS #V4945682
About this property
The property at a glance
9-Unit Commercial / Mixed-Use Complex with 7 Storage Units Zoning: I-B (Industrial/Business) Building Size: ±8,500 SF | Lot Size: ±2.9 Acres Income: Approx. $16,841/month Prime Location Situated on high-visibility State Street (U.S.-1) in the heart of Bunnell's expanding commercial corridor. This solid concrete block complex is strategically located minutes from Downtown Bunnell, Palm Coast, and Flagler Beach, offering convenient access to I-95 and SR-100. The area is seeing consistent growth in both commercial and residential development—making this an ideal time to invest. Property Overview Nine (9) Condominium-Style Units: Each ranging from approximately 1,200 - 1,400 SF Independent electric meters and private entrances Individual HVAC systems Flexible configurations suitable for office, retail, flex, or light industrial use Rear Storage Section: Jointly owned and governed by a Separation Agreement (5) storage units at approx. 250 SF each (2) storage units at approx. 500 SF each Total Building Area: ±8,500 SF Ample On-Site Parking with front and side access Concrete Block Construction ensures durability and low maintenance. =° Investment Highlights Current monthly rent: ±$16,841 Mix of stable tenants and owner-user potential High traffic exposure along a major U.S. route Versatile zoning (I-B) allows for wide commercial use. Excellent opportunity for cash flow + long-term appreciation Future redevelopment potential on ±2.9-acre site Ideal Uses Mixed-Use Commercial Complex Auto / Contractor Service Center Showroom + Storage Combination Retail / Office / Flex-Space Investment Investor or Owner-User Hub This property entity includes a Separation governing the shared storage area. Do not disturb tenants. Each condo unit has independent electric meters and private entrances, an air conditioning & heating system Concrete block construction; easy access for loading and storage. Ideal for: investors, contractors, small Business hubs, storage rentals, or redevelopment. Location: Situated minutes from downtown Bunnell, Palm Coast, and Flagler Beach, this corridor offers strong traffic counts, excellent exposure, and access to I-95 and SR-100. The area is experiencing steady commercial and residential expansion, making it a fantastic time to invest. Mixed-use commercial complex Auto or contractor service center Showroom-and-storage combo: Retail, office, or flex-space investment. This entity includes a separation clause governing the shared storage portion.
20,878
Building sq ft
$77
Price / sq ft
2.9
Lot acres
1998
Year built
1
Building
L-1
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$8,480/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Eric to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
9,877
Population
$56,277
Median income
42.6
Median age
2.7
Avg household
$221,200
Median home value
$1,213/mo
Median rent
1,090
Households w/ kids
Recent sales
What actually sold near 703 S STATE STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$42,000
111 S RAILROAD STREET
20,571 sqft · $2/sqft · Sold May 11, 2026
$48,000
111 S RAILROAD STREET
20,571 sqft · $2/sqft · Sold Sep 23, 2024
$12,000
608 E MOODY BOULEVARD
9,920 sqft · $1/sqft · Sold Aug 22, 2025
Your team
The pros in your corner
Your agent
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 703 S STATE STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 703 S STATE STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of REALTY PROS ASSURED · Terry Sitaram. MLS #V4945682.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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