5 Acres at I-10 and Hwy 87

Vacant Land for Sale
Catylist Listing ID: 30074009
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 5 Acres
Sale Price: $647,500
Unit Price: $129,500 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/13/2017

Overview / Comments

Seller will consider financing considered. Seller will consider sub-dividing.

5 +/- Acres with Frontage on I-10 off-ramp at Hwy 87. Zoned HCD, high and dry.

Great Interstate visibility and easy access! Located to right, immediately off I-10 off-ramp. Great site for truck/service station, interstate-proximate restaurant or hotel.

Water available along Welcom Church, Sewer available on east side of Hwy 87.

Approx 1,121’ on Welcome Church Rd x 125’ x 479.71’ along I-10 x 450.32’.

Gulf Power easement along east end of property can be used for parking/drive area, just cannot be built on.

Three additional acres may be added across Welcome Church Road from west end of the subject property.

Traffic counts are: 11,700 on Hwy 87, 31,500 on I-10, 4,500 on off-ramp.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 05-1N-27-0000-00701-0000
Zoning: HCD
Property Located Between: I-10 and Hwy 87
Property Visibility: Good
Legal Description: THAT PART OF SE4 OF SE4 (LESSTH N 330 FT THEREOF) LYING S OF S R/W I-10 & W OF E LN OF GULF POWER ESMNT ALL AS DES IN OR 2905 PG 54
Largest Nearby Street: I-10 @ Hwy 87
Feet of Frontage: 1,600
Traffic/Vehicle Count: 31,500
Highway Access: Access from Hwy 87 and I-10, on immediate right side of off-ramp.
Site Description: High and dry, area that is not Gulf Power easement is wooded, and appears fairly level.
Area Description: East Milton, last exit in Santa Rosa County; Hwy 87 leads south straight to Navarre/Fort Walton/Destin.
Lot Frontage: 1121
Lot Depth: 450
Zoning Description: HCD-most commercial uses
Topography: Level
Easements: Utilities
Easements Description: Gulf Power easement along the east side of the property.
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,537 18,880
Median Age: 38.72 37.78
Households: 2,458 6,212

Contact

Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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