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129/A00 Hwy 87 Hwy

10.28 Acres of Commercial Land Offered at $3,000,000 in Milton, FL 32583

Investment Highlights

  • Corner Parcel
  • Full Median Cut
  • Zoned HCD
  • Hwy 87 AADT 15,700

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.

Property Facts

Price $3,000,000
Sale Type Investment
Sale Conditions High Vacancy Property
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
General Freestanding
  • Strip Center
Total Lot Size 10.28 AC

1 Lot Available

Lot

Price $3,000,000
Price Per AC $291,828.79
Lot Size 10.28 AC

Description

Corner Parcel totaling +/-10.28 Acres on Hwy 87 centrally located between two major highways. This site includes 2 parcels Zoned HCD at the corner of Hwy 87 & Bent Tree Rd with a full median cut and less than a mile to the I-10 interchange and the US Hwy 90/Hwy 87 Intersection. 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 $99,042 and a Total Population of 19,660 with new housing developments underway witin the surrounding area.

zoning

Zoning Code HCD
HCD
  • Listing ID: 31860562

  • Date on Market: 5/19/2024

  • Last Updated:

  • Address: 129/A00 Hwy 87 Hwy, Milton, FL 32583

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