703 S State St S - Retail FOR SALE


Bunnell, FL 32110
$1,600,000 USD
386-237-4444
703 S State St S, Bunnell, FL for Sale
$1,600,000 USD
Retail - FOR SALE
1/26
null | 10.33% Cap Rate

703 S State St S
Bunnell, FL 32110


HIGHLIGHTS

  • Prime Multi-Unit Investment Opportunity along busy US-1 / State Street in the heart of Bunnell’s growing business corridor
  • 9 Condominium-Style Units (approx. 800-–1200 SF each) ideal for office, retail, Showroom 7 storage units
  • Separate Storage Income: Rear section features 7 storage units (five × 250 SF, two × 500 SF) jointly owned and income-producing
  • Total Building Area: approx. 8,500 SF (per public record)
  • Lot Size: ± 2.9 acres with ample parking and excellent frontage visibility
  • Zoning: I-B (Industrial/Business) — flexible for retail, office, or light industrial usesUtilities: Each condo unit has independent electric meter.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

10.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,237 SF

ZONING

I-B

APN/PARCEL ID

10-12-30-0850-02990-0000

ASK ABOUT THIS PROPERTY

Terry SitaramRealty Pros CommercialMore Info
386-237-4444

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Terry SitaramRealty Pros CommercialMore Info
386-237-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.