Corner w/ Full Median Cut on Hwy 87
Vacant Land
for Sale
| Catylist Listing ID: |
30872750 |
| Property Subtypes: |
Retail
|
| Gross Land Area: |
10.28 Acres
|
| Sale Price: |
$3,000,000 |
| Unit Price: |
$291,828 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/21/2024 |
Overview / Comments
|
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.
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Santa Rosa |
| Taxing Authority: |
EAST MILTON |
| Tax ID/APN: |
05-1N-27-0000-00129-0000, 05-1N-27-0340-00A00-0011 |
| Zoning: |
HCD |
| Property Located Between: |
I-10 and US 90 |
| Property Visibility: |
Excellent |
| Legal Description: |
Legnthy. In file. |
| Largest Nearby Street: |
Hwy 87 |
| Feet of Frontage: |
361 |
| Traffic/Vehicle Count: |
15,700 |
| Highway Access: |
Immediate ingress/egress onto Hwy 87. |
| Airports: |
Pensacola International Airport |
| Area Description: |
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. |
| Lot Frontage: |
361 |
| Lot Depth: |
616 |
| Available Utilities: |
Electric, Water, Gas |
| Water Service: |
Municipal |
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 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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.
|
