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5229 S Hwy 87

3.87 Acres of Commercial Land Offered at £1,578,000 in Milton, FL 32583

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 £1,578,000 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions High Vacancy Property Proposed Use
Commercial
  • Retail
No. Lots 1 Total Lot Size 3.87 AC
Price £1,578,000
Sale Type Investment
Sale Conditions High Vacancy Property
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 3.87 AC

1 Lot Available

Lot

Price £1,578,000 Lot Size 3.87 AC
Price Per AC £407,752
Price £1,578,000
Price Per AC £407,752
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.

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5229 S Hwy 87, Milton, FL - aerial map view - Image1
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5229 S Hwy 87, Milton, FL - aerial map view - Image4

PROPERTY TAXES

Parcel Number 05-1N-27-0000-00124-0000 Improvements Assessment £0
Land Assessment £150,413 Total Assessment £150,413

PROPERTY TAXES

Parcel Number
05-1N-27-0000-00124-0000
Land Assessment
£150,413
Improvements Assessment
£0
Total Assessment
£150,413

zoning

Zoning Code HCD (Highway Commercial)
HCD (Highway Commercial)
(850) 733-6532

  • Listing ID: 31863331

  • Date on Market: 20/05/2024

  • Last Updated:

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

The Land Property at 5229 S Hwy 87, Milton, FL 32583 is currently available For Sale. Contact Coldwell Banker Commercial Realty for more information.

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© 2024 CoStar Group

5229 S Hwy 87
(850) 733-6532 x

5229 S Hwy 87

Melissa Simpson

(850) 733-6532

(850) 733-6532

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