Property
ActiveCommercial
1/25
$1,600,000

703 S STATE STREET

Bunnell, FL 32110
0
Beds
0
Baths
20,878
SqFt
2.9
Acres
STELLAR
#V4945682
Updated: Jun 16, 2026, 6:23pm

Property Description

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.
Launch 3D Virtual Tour
Opens in a new window

Property Details

Interior
Accessibility Features
Accessible Stairway
Building Area Total
20878
Cooling
Mini-Split Unit(s)
Flooring
Ceramic Tile
Heating
CentralHeat Pump
Living Area
20878
Security Features
Fire Alarm
Window Features
Aluminum FramesDisplay Window(s)
Construction
Building Area Source
Appraiser
Building Area Units
Square Feet
Construction Materials
BlockBrickCement SidingConcrete
Foundation Details
BlockConcrete Perimeter
Living Area Source
Owner
Living Area Units
Square Feet
Property Condition
Completed
Roof
Shingle
Year Built
1998
Site & Exterior
Electric
220 Volts440 Volts
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
2.9
Lot Size Area
2.898
Lot Size Square Feet
126237
Lot Size Units
Acres
Parking Features
13 to 18 Spaces
Public Survey Range
30
Public Survey Section
10
Road Frontage Type
City StreetHighway
Road Responsibility
Public Maintained Road
Road Surface Type
AsphaltPaved
Sewer
Public Sewer
Total Acreage
2 to less than 5
Utilities
Electricity AvailablePhone AvailablePublic
Water Source
Public
Zoning
L-1
Financials
Calculated List Price By Calculated Sq Ft
76.64
Contract Status Change Date
2025-10-31
Current Price
1600000
Feed Types
BBO
Owner Name
SIBS DEVELOPMENT INC
Ownership
Sole Proprietor
Parcel Number
1012300850029900000
Public Survey Township
12
Tax Annual Amount
13502
Tax Block
10 12
Tax Book Number
11013
Tax Legal Description
TOWN OF BUNNELL BLKS 299 & 300 LYING WEST OF US-1 & 1/2 OF VACANTED SHORT STREET LYING SOUTH OF BLK 299 ALSO 2.+/- AC BUNNELL DEV CO SUBD BLK C PT TR 5 LYING S OF BLK 300 & BETWEEN US-1 & FEC R/R PARCEL HAS 234. ON WLY BOUNDARY US-1 & 301.47' ON ELY BOUND
Tax Lot
ID12-30-0850-02990-
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
Community Features
Expressway
M L S Area Major
32110 - Bunnell
Subdivision Name
BUNNELL
Listing provided courtesy of STELLAR via IDX. Updated: Jun 16, 2026, 6:23pm.
Terry Sitaram

Listing Agent

REALTY PROS ASSURED

Call Agent