Development Opportunity I-10 Interchange, Waterfront

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30864546
Property Subtypes: Hospitality, Multi-Family, Retail, Retail-Pad
Status: Pending/Contingent
Gross Land Area: 74 Acres
Sale Price: $1,400,000
Unit Price: $18,918 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 2/18/2024

Overview / Comments

+/-74 Acre Development Site in Santa Rosa County at the I-10/ Ward Basin Interchange with frontage on the Blackwater River. Approximately 16.5 Acres of uplands, this site includes immediate access to I-10, with US Hwy 90 and Hwy 87 accessible from Ward Basin. Centrally located between NAS Whiting Field and Eglin Airforce Base, 30 minutes to the beaches with Historic Downtown Milton less than 4 miles away. I-10 AADT of 40,500 with 10 Mile Demographics: Total Population of 59,175, Total Households of 22,301 and Average Household Income of $57,182

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Zoning: RR1
Property Located Between: Ward Basin and I-10
Property Visibility: Excellent
Legal Description: Multiple Parcels, In File
Largest Nearby Street: I-10
Feet of Frontage: 1,021
Traffic/Vehicle Count: 40,500
Highway Access: Located at an I-10 Interchange, 2.5 Miles to US Hwy 90 & 3.5 Miles to Hwy 87
Airports: Pensacola International Airport (PNS)
Site Description: 4 parcels located on the I-10/ Ward Basin Rd Interchange.
Area Description: Milton is located in Santa Rosa County, and is one of the fastest growing counties in the U.S. The County also boasts high median household incomes, low business costs, top ranked school system and low crime rates according to the Santa Rosa EDC. The development site is located 12 miles to the south of Naval Air Station Whiting Field which is one of the Navy's 2 primary pilot training bases with over 1,200 personnel completing training there annually. Per SRC's EDC, "Florida's military and defense-related industries contribute an estimated $52 billion to the state and is the 3rd top economic sector behind tourism and agriculture, and is the no. 1 economic sector in the Co. SRC's Schools have been ranked "A" for 16 of 17 years." Milton is home to the Blackwater State Park & Blackwater River, which flows into the Blackwater Bay and is known for its white beaches, large sandbars, canoe trail along with kayaking, tubing and fishing.
Lot Frontage: 1021.0
Lot Depth: 3538.0
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,205 28,883
Median Age: 42.03 37.79
Households: 3,312 10,026


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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