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: 1/19/2021

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
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

View FullscreenMap

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


Photograph of Listing Agent

John David Ellis

Voyage Real Estate LLC Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.