703 State StBunnell, FL 32110

Property Details for 703 State St

Year built

1988

Construction

CONCRETE BLOCKS

Lot size

0.70 AC

Property size (Sq ft)

3,507 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

10-12-30-0850-01790-0010

APU

1012300850017900010

Description

This exceptional commercial property, located at 703 S State St in Bunnell, Florida (zip code 32110), offers 1,200 square feet of versatile office space. The single-tenant building is zoned for commercial use and situated in Flagler County. Its flexible design allows for adaptability to various business needs, making it suitable for traditional office, medical office, or creative office uses. The property is categorized as Retail, Office, and Special Purpose. The building is a single-story structure. Potential tenants have the option to lease the entire 1200 square foot space or potentially divide or expand the space to meet their specific requirements. Monthly rental rates range from $1200 to $1500, with an additional $150 per month in fees. The property enjoys a convenient location just off US 1, providing excellent accessibility and visibility. This presents a unique opportunity for businesses seeking a well-located, adaptable office space in a thriving community. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $923,179

  6.5%

  $852,165

  7%

  $791,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $601,048

  Geo Method

  $601,048

• Alternative Use

  Use

  Valuation

  Residential

  $718,833

  Hospitality

  $658,448

  Educational

  $547,821

  Medical

  $566,661

  Retail

  $852,165

Location Insight

City

Bunnell

County

Flagler

State

Florida

Latitude

29.4692

Longitude

-81.2634

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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