5-11 Acres, Auto Showroom, Garage, RV Boat, Supply, Medical, Fitness

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30011732
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 21,000 SF
Gross Land Area: 5 Acres
Sale Price: $850,000
Unit Price: $40.48 PSF
Ceiling: 24 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Millie’s Antiques and Small Engine Repair Shop
Usable Size (USF): 21,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/1/2018

Overview / Comments

Appraisal on file for $1,225,000 from June 2017. REDUCED TO SELL!!!! Click virtual tour. Former Ford Dealership and RV Center; Currently multi-use with garage leased to auto repair shop; main showroom building and offices leased for antique booths. Parking lot leased daily to flea market vendors; location participates in Flea Market Across America (Florida). Building and surrounded paved lot sits on approx. 5 acres (additional strip abuts to West) and is available for sale separately and includes an additional uncleared 6 acres that connects this parcel to Glover Road not included in this sales price. Possible uses include medical park, fitness center, auto/motorcycle dealership, farm equipment dealership, grocery, retail, supply store, equipment rental facility, storage facility, building materials/supply, restaurant (no commercial kitchen), meeting hall, flex office space, warehouse, kitchen/bath showroom, plumbing warehouse, training center, Office supply or Print shop, superstore site, recreation center, RV Center/Storage, MardiGras Float storage, Boat Sales, Boat storage, Boat service Center, Watercraft sales, Repair Center, Sign shop. Adjacent 26+ acres also available. 6 acres on Glover Ln availabile. FDOT project for intersection of Glover Ln and Hwy 90 in process not funded as of listing date. Buyer to verify status of FDOT project, square footage, acreage and parking spaces. See agent notes for additional FDOT information.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 091N280000051000000
Zoning: HCD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Glover Lane and Hwy 90
Property Visibility: Excellent
Largest Nearby Street: Hwy 90
Feet of Frontage: 300
Traffic/Vehicle Count: 33,000
Highway Access: U S Hwy 90, near I-10 Avalon. Blvd exit
Airports: PNS, FWB, Peter Prince Field
Site Description: Level, High/Dry, Paved, High Visibility, 5+- acres; additional 6 acres abuts to rear and extends to Glover Ln available for sale.
Area Description: Heavy traffic on main corridor through Milton from Pensacola or Crestview; nearby car dealerships, near UF Extension and PSC; near Historic Downtown Milton; commercial properties surround-Milton Business District -Property abuts City Limits both sides, zoned City, HCD, U S Hwy 90 Frontage; Car dealerships; restaurants; motel/lodging; Retail, building supply, contractors, furniture, medical park
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 21,000 SF
Property Condition: Good
Year Built: 1986
Roof Type: Gable
Construction/Siding: Metal/Glass, Metal Siding
Exterior Description: Former Car Dealership; paved lot with turn lane off US Hwy 90; see virtual tour, sliding doors for vehicle entry to showroom, garage door entries multiple, ramp in rear, full access front and back, high and dry, level
Total Parking Spaces: 208
Parking Type: Surface, Other
Parking Description: Former Ford Dealership; paved lot; front, sides and rear; interior garage and showroom display, full access around building
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Interior Description: Tiled Showroom Floor with functioning sliding glass doors for auto display; multiple vehicles; sales and administrative offices; parts counter and service center garage with lift;
Zoning Description: Milton District
Lot Frontage: 261
Lot Depth: 755
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: COM AT NW CORN OF SE4 OF NW4 THN E ON N LN OF QTR 1104.85 FT TO POB & CONT E 211.81 FT THN S0*34'W 485 FT TO N R/W OFHWY 90 THN SW ON RD 318.71 FT THN N0*37'E 720.39 FT TO POB AS DES IN OR 354 PG 733

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,141 28,030 47,860
Median Age: 35.91 38.11 38.09
Households: 1,301 10,830 18,559

Contact

Photograph of Listing Agent

Cheryl Young

Seville Square Realty, LLC Gulf Coast CMLS Member
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