5232 Willing St
Milton, FL 32570
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Less than 170 feet from US Hwy 90
- Pedestrian Walkway to the Blackwater River Board Walk located to the immediate right of the property.
- Two story retail space available on the Blackwater River.
- Historic Downtown District, CRA District, Alcoholic Beverage Overlay District, Tourism District.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Freeway Visibility
- Waterfront
ABOUT 5232 WILLING ST , MILTON, FL 32570
Located in the heart of Historic Downtown Milton, this 8,308 sq ft building include 2 stories and waterfront views of the Blackwater River. The Five and Dime Building was once an anchor to the City of Milton. It currently sits just off the intersection of US-90 and Willing St. which allows this site to benefit from the high traffic counts of US-90 & Willing St. totaling an AADT of 18,100. Demographics revealed the Median Household Income at $54,121, Total Population 50,138 and a Median Age of 38.7 within a 5 mile radius of the site. Restaurant Market Potential revealed 26.8% of the population within a 10 minute drive to time went out to a family style restaurant 4+times per month with 46.9% occurring at dinner. The retail demand outlook shows an increase in meals spent on food away from home increasing by $5.6M between 2019-2024. Consumer Spending in Apparel and Services is forecasting a projected spending growth between 2019-2024 at $3.25M.
PROPERTY TAXES
| Parcel Number | 03-1N-28-2530-02000-0030 | Improvements Assessment | $184,302 |
| Land Assessment | $75,000 | Total Assessment | $259,302 |
