Income Producing Restaurant/Bar in Downtown Milton

Retail-Commercial for Sale
Catylist Listing ID: 30623107
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 1,305 SF
Gross Building Area: 1,825 SF
Sale Price: $230,000
Unit Price: $176.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Main Street Cafe
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

Old Gulf Service Station converted into quaint, roadside bar/restaurant. With incredible outdoor space, and vintage charm inside, there is tremendous potential for any number of food service uses. Located on Caroline street just a few blocks away from Downtown Milton's riverfront, the property is currently being leased by a successful craft brewery. This is an ideal opportunity for an investor looking for an income producing investment located in a revitalizing Main Street community.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: City of Milton
Tax ID/APN: 03-1N-28-2530-01700-0070
Zoning: COMMERCIAL
Retail Clientele: Traveler, Tourist, Recreation
Largest Nearby Street: Caroline Street
Feet of Frontage: 100
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,305 SF
Property Condition: Good
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TOWN OF MILTON W 85 FT OF N 95FT OF LOT 7 BLK 17 AS DES INOR 3692 PG 790

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,227 22,335 43,308
Median Age: 39.81 37.92 38.02
Households: 1,356 8,758 15,558

Contact

Photograph of Listing Agent

John David Ellis

Voyage Real Estate LLC Gulf Coast CMLS Member
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