This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5063 US Highway 90 - Commercial Land on Busy Trade Corridor
1 Acre of Commercial Land Offered at $640,000 in Milton, FL 32571
Investment Highlights
- Heavy Retail Trade Corridor
- Great Visibility on Commercial Corridor 34,500 CPD
- Surrounded by Big Box, National, and Regional Retailers
- Main Travel Artery to Major Employers
Executive Summary
5063 Hwy 90 is a commercially zoned parcel, that is strategically situated in a region which is experiencing significant and continuous growth. It is positioned along a busy trade route, featuring a mix of national and regional tenants, big-box retailers, and local service providers that cater to the retail needs of a rapidly expanding population. Within a 5-mile radius, there are 2,197 businesses employing approximately 17,876 individuals.
The subject property's immediate neighbors include national & regional retailers such as Walmart, Lowes, McDonald's, Ruby Tuesday, Ulta, Home Depot, Panera, Moe's, Publix, TJ Maxx & Target, etc.
Site is Just past a Median Cut.
Turn Lane in place.
Just before a Lighted intersection
Signage on HWY 90
Main commuter thoroughfare to the Pensacola Employment Base
5063 HWY 90 is almost an acre of land with 197 feet of frontage along HWY 90 providing visibility to the 34,500 cars passing by daily. This valuable land tract is well positioned along a massive retail corridor. Hwy 90 is a primary travel and trade route, and one of the main connectors into Escambia County, FL. where major employers are located. Key economic drivers in the area are the Military, Tourism, Navy Federal, and major medical institutions: Baptist Hospital, Ascension Sacred Heart, and HCA Hospital. The Department of Defense (DOD) contributes more than $7.6 billion to the local economy annually. The military also supports 75,000 jobs in Escambia and Santa Rosa counties While tourism generates 1,453 jobs, over $39.4 Million in labor income, $71.0 Million in total value added, and $113.2 Million in output.
Pace is experiencing an annual growth rate of 1.79%, with its population having surged by 21.44% since the latest census, which recorded 21,898 residents in 2020. The average household income in Pace stands at $100,572. The community boasts some of the state’s finest schools, making it a popular choice for families drawn to its exceptional educational opportunities, high quality of life, and vibrant community spirit. Additionally, many veterans stationed in the region opt to settle down here upon retirement due to the abundance of amenities, contributing to a skilled workforce for local employers. Furthermore, housing costs and property taxes in Pace are significantly lower than the national average.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $640,000 | Lot Size | 1.00 AC |
| Price Per AC | $638,213 |
| Price | $640,000 |
| Price Per AC | $638,213 |
| Lot Size | 1.00 AC |
Cleared and structure free. The lot has great visibility and easy access is one lot before lighted intersection with a turn lane in place.
Description
5063 HWY 90 is almost an acre of land with 197 feet of frontage along HWY 90 providing visibility to the 34,500 cars passing by daily. This valuable land tract is well positioned along a massive retail corridor. Hwy 90 is a primary travel and trade route, and one of the main connectors into Escambia County, FL. where major employers are located. Key economic drivers in the area are the Military, Tourism, Navy Federal, and major medical institutions: Baptist Hospital, Ascension Sacred Heart, and HCA Hospital. The Department of Defense (DOD) contributes more than $7.6 billion to the local economy annually. The military also supports 75,000 jobs in Escambia and Santa Rosa counties While tourism generates 1,453 jobs, over $39.4 Million in labor income, $71.0 Million in total value added, and $113.2 Million in output. Commercially zoned HCD Land that was the site of a Former Elks Lodge. The site is level, enjoys excellent visibility from HWY 90, is cleared, and is build-ready. Fantastic location just before a lighted intersection, and the site sees 34,500 cars per day. Site is just past a Median Cut. Turn Lane in place. Just before Lighted intersection. Signage on HWY 90 34,500 CPD POP 69,112 - 5-Mile Radius Businesses- 2,197 5-Mile Radius 2024 Total Employees 17,876 -5-Mile Radius Total Sales 2024 $2,001,632,000 5-Mile Radius
PROPERTY TAXES
| Parcel Number | 13-1N-29-0000-02500-0000 | Improvements Assessment | $750 (2023) |
| Land Assessment | $462,997 (2023) | Total Assessment | $463,747 (2023) |
PROPERTY TAXES
zoning
| Zoning Code | HCD (To provide for a wide range of commercial uses in appropriate and easily accessible locations adjacent to major transportation corridors) |
| HCD (To provide for a wide range of commercial uses in appropriate and easily accessible locations adjacent to major transportation corridors) |
-
Tina Tortomase -
Jeremy Larkin -
NAI Pensacola
Presented by
5063 US Highway 90 - Commercial Land on Busy Trade Corridor
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.