Development Site
Vacant Land
for Sale
| Catylist Listing ID: |
30866821 |
| Property Subtypes: |
Hospitality, Retail, Retail-Pad
|
| Gross Land Area: |
5.29 Acres
|
| Sale Price: |
$1,799,000 |
| Unit Price: |
$340,075 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/28/2024 |
Overview / Comments
|
5.29 acres zoned HCD at the corner of Hwy 87 and John Hamm Rd. Full median cut on Hwy 87 for north or south ingress/egress. 600 Ft of road frontage on Hwy 87 with 2 storm drains, one curb cut and sidewalk the length of the frontage. This site is located just south of the fully occupied Santa Rosa Industrial Park which is housing the new distribution center for Amazon. Major expansion of Santa Rosa County's Infrastructure and Industrial Parks is driving major business into East Milton. Over 2,500 new jobs are expected within the immediate vicinity to this property. Northern Santa Rosa County's 5 Industrial Parks are located within minutes to this site. Access to US Hwy 90, I-10 and Downtown Milton make this location a perfect site for future development. Demographics within a 10 mile radius include a Total Population of 35,416 with an Average House Hold Income of $57,009. 5 Star Report and 5 year Projected P&L, ESA Phase 1, Survey, Wetland JD Report (100% uplands), and conceptual site plan available with CA.
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Santa Rosa |
| Taxing Authority: |
EAST MILTON |
| Tax ID/APN: |
05-1N-27-0000-00202-0000 |
| Zoning: |
HCD |
| Property Located Between: |
John Hamm Rd and Hwy 87 |
| Property Visibility: |
Excellent |
| Legal Description: |
Lengthy in file |
| Largest Nearby Street: |
Hwy 87 |
| Feet of Frontage: |
600 |
| Traffic/Vehicle Count: |
15,000 |
| Highway Access: |
The 5.29 Acres of HCD Land is 0.8 of a mile to I-10 and .05 of a mile to US Hwy 90 |
| Site Description: |
Located at the corner of Hwy 87 and John Hamm Rd. with full median cut. |
| Area Description: |
Located in Santa Rosa County just north of I-10, the County is the 8th fastest growing population in the State of FL, is the 4th highest median house hold income. The County has a 1.9% growth population through 2025 and A rated school district. The 5.29 Acres of HCD Land is 0.8 of a mile to I-10 and .05 of a mile to US Hwy 90. Northern Santa Rosa County includes a total of 5 industrial parks (Northwest Florida Industrial Park at I-10, Santa Rosa Industrial Park, Santa Rosa Industrial Park East, Whiting Aviation Park and Milton Interchange Park). 7 new major projects are currently underway within these parks with Santa Rosa Industrial Park completely full. A new miniature waste water treatment facility is also being developed in conjunction with Milton. |
| Lot Frontage: |
600 |
| Lot Depth: |
382 |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,541 |
7,489 |
20,946 |
| Median Age: |
32.86 |
36.9 |
37.18 |
| Households: |
464 |
1,634 |
6,984 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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