The 5. 44-acre property located at the intersection of SR100 and Commerce Blvd in Bunnell, FL, is situated in Flagler County, within the northeast region of Florida. This area combines residential, commercial, and light industrial zones, offering a mix of opportunities for development. SR100 (State Road 100) is a significant east-west route connecting Bunnell to Flagler Beach on the coast and to Palatka inland. Commerce Blvd is a local road providing access to various businesses and services.
The property is approximately 25 miles north of Daytona Beach and about 90 miles south of Jacksonville, making it accessible to major urban centers.
The vicinity includes various commercial establishments, light industrial parks, and service-oriented businesses. It is a growing area with potential for further commercial development. Nearby residential neighborhoods provide a potential customer base for commercial enterprises. The residential zones vary from single-family homes to multi-family units. As of the latest estimates, Bunnell has a population of around 3, 000 residents. The county's population is approximately 115, 000, with significant growth over the past decade. The median age in Bunnell is around 43 years. Flagler County has a higher proportion of retirees, with a median age of approximately 50 years. The median household income in Bunnell is about $35, 000, which is lower than the county's median of around $57, 000.
Major employment sectors include retail trade, healthcare, manufacturing, and public administration. There is also a growing presence of service industries and tourism-related businesses due to proximity to coastal areas. Approximately 85% of the population in Bunnell has a high school diploma or higher, while about 20% hold a bachelor's degree or higher. The area is served by several public schools, with higher education institutions available in nearby cities like Daytona Beach. The housing market in Bunnell is characterized by a mix of single-family homes, apartments, and mobile homes. Property values have been rising steadily, reflecting broader trends in Flagler County.
This 5. 44-acre property zoned B-1 at SR100 and Commerce Blvd represents a significant opportunity for development, benefiting from its strategic location, growing population, and diverse economic base.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,005 | $6,915 | $9,482 |
Total Monthly Payment | $7,130 | $7,040 | $9,607 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.