Catylist ID:
#30855548
2.33 Acre Hard Lit Corner Development Opportunity in Downtown Milton
Retail-Commercial
for Sale
Also listed as Vacant Land, Business Opportunity
| Catylist Listing ID: | 30855548 |
| Property Subtypes: | Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other |
| Building Size (RSF): | 6,992 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2.33 Acres |
| Sale Price: | $849,000 |
| Unit Price: | $121.42 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 12/1/2023 |
Overview / Comments
|
This property is located at the Northeast corner of Berryhill and Stewart St., a very busy intersection in Milton, less than a mile from Milton High School. This 2.33 acre site currently has a restaurant building, and a small retail center on site, with an additional 1.23 acres of uplands for future development. Total heated square footage is 6,992 SF between the 2 buildings. The retail site is 5,096 SF and the restaurant site is 1,896 SF. Great ingress and egress on Berryhill to the south, Stewart to the west, and Madison to the north. The retail heart of Milton continues to grow, and this is an ideal site for a variety of uses, including quick service restaurants, convenience stores, and more opportunities. This site comes with great visibility, the average daily traffic count has risen by over 1,000 more daily vehicles passing the site since 2018 to almost 18,000 cars a day. The property is also in an Opportunity Zone, which provides tax incentives for job creation for businesses that operate in this area. Property currently has leased occupants that are on short-term lease agreements, which provides steady income for the property in preparation for a re-development of the site. There are two parcels associated with this sale. DO NOT DISTURB TENANTS. Contact agent for more details. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Tax ID/APN: | 03-1N-28-2530-07800-0040 |
| Retail Clientele: | General, Business |
| Property Visibility: | Excellent |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,227 | 21,051 | 45,393 |
| Median Age: | 39.81 | 38.93 | 37.9 |
| Households: | 1,356 | 8,288 | 16,371 |
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