703 S State St, photo 1
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Overview

0 ba20,878 sqftMixed Use
TypeMixed Use
HOANone listed
Built1998
Lot126,237 sqft
Living area20,878 sqft
Price / sqft$77

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About this home

Expressway

703 S State St is a 1998-built home in Bunnell, Bunnell. Listed at $1,600,000 (about $77/sqft), 352 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
1998
Price / sqft
$77
On market
352 days
Annual tax
$13,502
Flood zone
X · Low risk
Lot
126,237 sqft
Type
Mixed Use

At a glance

Single family
Built 1998
2.90 acres
Lot size
20,878 sqft
Living area

Payment

Est. monthly payment
$10,270/mo
Down payment (20%)
$320,000
Property taxes
$1,125/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Mixed Use
Year Built
1998
Lot
126,237 sqft
Cooling
Mini-Split Unit(s)
Heating
Central, Heat Pump
Parking
Parking Spaces - 13 to 18
Days on Market
352
Expressway
Flood Zone X
Annual Tax (2024)
$13,502
Parcel #
10-12-30-0850-02990-0000

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Bunnell
County
Flagler
MLS Area
32110 - Bunnell
Lot Size
126,237 sqft

Price history

Date
Event
Price
10/31/2025
Listed for sale
Source: Stellar MLS #V4945682
$1,600,000
$77/sqft

Neighborhood

703 S State St
Bunnell, FL, 32110 · 32110 - Bunnell

Market insights

Offer Insights

Choose an offer strength

List price: $1,600,000
$1.59M – $1.60M
99.2% – 100% of listTops out right at the list price
80% of listList price
56 of the last 111 home closings in 32110 landed at this number or higher (50%). The median one sat 41 days before it went under contract, and this one is on day 352.

Sample: 111 closed home sales in 32110 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$10,270/mo
Principal & interest$8,345
Property taxes$1,125
Insurance$800
Down payment20% · $320,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$1,600,000

$77 per sq ft

Size

20,878 sq ft

Time on market

352 days

Year built

1998

Monthly payment

About $10,270/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $13,502 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

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Brokered byREALTY PROS ASSUREDListing agent: Terry SitaramListing data from Stellar MLS, MLS# V4945682.

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