Hwy 87 Development Site, North of I-10 Interchange

Vacant Land for Sale
Catylist Listing ID: 30872593
Property Subtypes: Retail, Self Storage
Gross Land Area: 3.87 Acres
Sale Price: $2,000,000
Unit Price: $516,795 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2024

Overview / Comments

Development Opportunity just north of the Hwy 87 & I-10 Interchange in Santa Rosa County. This 3.87 Acres is zoned Highway Commercial Development (HCD) and is approximatly 800 feet north on of the 87/I-10 Interchange on the west bound side of Hwy 87. 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 $99,125 and a Total Population of 19,404 with new housing developments underway witin the surrounding area.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: EAST MILTON
Tax ID/APN: 05-1N-27-0000-00124-0000
Zoning: HCD
Property Located Between: I-10 and US 90
Property Visibility: Excellent
Legal Description: Lengthy, in file.
Largest Nearby Street: Hwy 87
Feet of Frontage: 291
Traffic/Vehicle Count: 15,700
Highway Access: Immediate ingressegress 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: 291
Lot Depth: 724
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,489 18,880
Median Age: 36.9 37.78
Households: 1,634 6,212

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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