108 State StBunnell, FL 32110

Property Details for 108 State St

Year built

1958

Construction

CONCRETE BLOCKS

Lot size

0.21 AC

Property size (Sq ft)

1,734 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

10-12-30-0850-01560-0040

APU

1012300850015600040

Description

This exceptional commercial property boasts a highly desirable location on US1 in the heart of Bunnell, Florida. The 0.21-acre lot offers significant visibility and accessibility due to its near-corner placement at US1 and SR 100, ensuring high traffic exposure. The main building comprises 1000 square feet of climate-controlled office space, ideal for administrative functions or a comfortable workspace. An additional 675 square feet of shop space provides ample room for various uses, such as light manufacturing, a small business operation, or even a daycare center. The property's B-2 zoning allows for a wide range of commercial activities. Two bathrooms and multiple separate entrances offer flexibility for diverse business needs, potentially allowing for simultaneous operation of different businesses or a work/rental split. A substantial brick shed, historically used as a telephone company dial house, adds unique character and potential for repurposing. Currently, a lucrative stainless steel polishing business operates on the site

• CAP approach

  CAP return

  Valuation

  6%

  $310,515

  6.5%

  $286,629

  7%

  $266,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $117,929

  Geo Method

  $117,929

• Alternative Use

  Use

  Valuation

  Residential

  $355,420

  Hospitality

  $325,563

  Educational

  $270,864

  Medical

  $280,180

  Retail

  $421,345

Location Insight

City

Bunnell

County

Flagler

State

Florida

Latitude

29.4664

Longitude

-81.2581

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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