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5229 S Hwy 87 3.87 Acres of Commercial Land Offered at $2,749,540 CAD in Milton, FL 32583

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INVESTMENT HIGHLIGHTS

  • Hwy 87 AADT 15700
  • .03 Miles to I-10 Interchange
  • Curb Cut

EXECUTIVE SUMMARY

Hwy 87 has become a major site for expansion in Santa Rosa County with the continued growth and development of the industrial parks found along the hwy 87/ I-10/Hwy 90 corridor in Milton, FL. Santa Rosa County is the 8th fastest growing county in Florida and boasts the 4th highest median household income, along with a Grade A school system, and low business costs according to the Santa Rosa EDC.

ATTACHMENTS

Brochure

PROPERTY FACTS

Price $2,749,540 CAD
Sale Type Investment
Sale Condition High Vacancy Property
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 3.87 AC
Zoning HCD - Highway Commercial

1 LOT AVAILABLE

Lot

Price $2,749,540 CAD
Price Per AC $710,475.48 CAD
Lot Size 3.87 AC

DESCRIPTION

Development Opportunity just north of the Hwy 87 & I-10 Interchange in Santa Rosa County. This 3.87 Acres is zoned Highway Commercial Development (HCD) and is approximatly 800 feet north on of the 87/I-10 Interchange on the west bound side of Hwy 87. The I-10/Hwy 87 corridor of Santa Rosa County is seeing extensive growth due to the increased demand for housing and the continued development of multiple distribution centers along the Hwy 87 corridor. Demographics within a 5 mile radius include a House Hold Income of $99,125 and a Total Population of 19,404 with new housing developments underway witin the surrounding area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-1N-27-0000-00124-0000
Land Assessment
$341,020 CAD
Improvements Assessment
$0 CAD
Total Assessment
$341,020 CAD
  • Listing ID: 31863331

  • Date on Market: 2024-05-20

  • Last Updated:

  • Address: 5229 S Hwy 87, Milton, FL 32583

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