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: 6/11/2024

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

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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

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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