703 S State St, Bunnell, FL 32110

Separate Storage Income: Rear section features seven 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 uses

Utilities: Each condo unit has an independent electric meter, HVAC, and a private entrance

Current Income: Approx. $13,450 monthly rent plus low operating costs (tax $900 / water $500 monthly)

NOI: ≈ $12,050 monthly ($144,600 annual) → Cap Rate ≈ 7.2 % at $2 million valuation

Great Owner-User or Investor Opportunity — occupy one unit, lease the rest!

Investors—this is the kind of deal you don’t wait on.
703 S State Street is a high-visibility, multi-income commercial asset sitting directly on US-1, the spine of Flagler County’s commercial growth. With nine (9) rentable commercial units PLUS seven (7) storage income units, this property delivers immediate cash flow with massive upside still on the table.

This corridor is exploding. The area is being transformed by the 6,100-home Haw Creek Reserve project—one of the largest master-planned communities in the region—and the brand-new Flagler Central Commerce Parkway, opening up thousands of acres for development and funneling traffic directly to US-1. As growth accelerates, commercial demand, rental rates, and property values are all on a steep upward trajectory.

This site sits on a prime ±2.9-acre commercial parcel, zoned I-B, offering flexibility for future redevelopment, expansion, or repositioning. Units are separately metered, updated, and easy to lease. Storage units provide pure margin and near-zero vacancy. With traffic counts approaching 20,000 vehicles/day and direct frontage on a major arterial, the long-term exposure is unbeatable.

This is not just a property—it’s a strategic position in the path of explosive growth.
Assets with multiple revenue streams, below replacement cost, on a major Florida highway, surrounded by multi-billion-dollar development? They do not last.

If you’re an investor looking for:
✔ Cash flow today
✔ Forced appreciation potential
✔ A corridor positioned for long-term population surge
✔ A property you can hold, improve, and leverage

—then this opportunity should already be in your portfolio.

Serious investors only. Contact the listing agent for financials, rent roll, and the full package.