Commercial Sale · Mixed Use
208 S 3RD STREET, FLAGLER BEACH, FL, 32136
Active146 days on marketListed Feb 27, 2026MLS #FC316334
About this property
The property at a glance
Just steps from the shoreline and the brand new pier in the heart of downtown Flagler Beach. This exceptional mixed-use property presents an incredible and rare opportunity in the highly desirable General Commercial zone which offers the most versatile zoning in our town. Positioned in a high-and-dry “X” flood zone, this building offers peace of mind paired with an unbeatable coastal location. Just 1 block from the towns new hotel! The first floor is home to a thriving Pilates studio, creating immediate income potential from day one. Upstairs, a turnkey residential unit features 2 bedrooms, 1 bathroom, and a private deck with a charming peek-a-boo ocean view. Whether used as an owner’s retreat, long-term rental, or short-term rental, the flexibility and income possibilities here are outstanding. Major improvements have already been completed, including a new roof installed in 2022, two HVAC systems replaced in 2019 and 2023, impact windows and doors, and a freshly painted exterior in 2025. The big-ticket items are done, allowing you to focus on maximizing the property’s potential. Just steps from the beach, the pier, coffee shops, restaurants, and everything vibrant downtown Flagler Beach has to offer, properties like this rarely come available. Flagler Beach also boasts the closest distance from I-95 to the ocean in all of Florida, making access incredibly convenient, and is ideally situated between St. Augustine to the north and Daytona Beach to the south. This prime location delivers true small-town coastal charm with easy access to two dynamic and historic destinations. Whether you’re looking to live, work, invest, or create a lifestyle business by the beach, this is a standout opportunity that checks every box: location, updates, flexibility, and strong income-producing potential. Bring all offers !
3,080
Building sq ft
$420
Price / sq ft
0.12
Lot acres
2005
Year built
2
Units
1
Building
GC
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
3.8%
Cap rate
$49,690
Net operating income
$647,500
Price / unit
2
Units
Estimated payment (illustrative)
Estimated payment
$6,336/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Steeve to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
8,303
Population
$72,589
Median income
59.8
Median age
2.09
Avg household
$438,300
Median home value
$1,469/mo
Median rent
609
Households w/ kids
Recent sales
What actually sold near 208 S 3RD STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$11,700
2201 N OCEAN SHORE BOULEVARD UNIT C
3,894 sqft · $3/sqft · Sold Aug 6, 2024
$24,000
209 S 2ND STREET UNIT 1
4,312 sqft · $6/sqft · Sold May 1, 2026
$760,000
202 S DAYTONA AVENUE
1,210 sqft · $628/sqft · Sold May 1, 2025
Your team
The pros in your corner
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 208 S 3RD STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 208 S 3RD STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of PALM WAVE REALTY · Eric Gerlach. MLS #FC316334.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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