Milton Riverfront Prime for Development

Vacant Land for Sale
Catylist Listing ID: 30675025
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 1.50 Acres
Sale Price: $899,000
Unit Price: $599,333 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/27/2020

Overview / Comments

Vacant land prime for anchor development with approximately 400 feet on the river. This signature piece of property is adjacent to the Riverwalk in Downtown Milton. The area is rich with potential and this particular land will be pivotal for the future. The Riverfront Master Plan plan promotes the vision of, "establishing the community as a regional arts and culture destination that provides a wide diversity of uses and activities for both residents and visitors." Information regarding the vision from the city can be found here:
http://www.pjscompany.com/MiltonRiverfront_June2015.pdf. Property has a grandfathered 120 LF rebuild dock permit.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: City of Milton
Tax ID/APN: 03-1N-28-2530-01300-0050 & 03-1N-28-2530-01300-0090
Zoning: RC-1
Property Located Between: Riverwalk Street and Broad Street
Property Visibility: Excellent
Legal Description: 2 Parcels: TOWN OF MILTON LOT 9 & W 1/2OF LOT 10 BLK 13 AS DES INOR 457 PG 55 & IN OR 2381 PG1234 & IN OR 3364 PG 1774 & INOR 3394 PG 1961 TOWN OF MILTON LTS 5 11 12 13& E2 OF LOT 6 (75'+/-) & E 25FT OF LOT 10 BLK 13 AS DES INOR 2463 PG 1309 & IN OR 2566PG 1500 & IN OR 3364 PG 1774 &IN OR 3394 PG 1961
Largest Nearby Street: Riverwalk Street
Highway Access: Highway 90
Airports: Pensacola International Airport
Site Description: Property has sewer.
Area Description: Downtown Milton is a historic district with more than 100 historic buildings. The Riverwalk, which is adjacent to the property, is the centerpiece of the area and has public access to the river. Some of the community features are the West Florida Railroad Museum, Blackwater Heritage Trail, Veterans Memorial Park and Carpenter's Park.
Zoning Description: RC-1; City of Milton Zoning; any developments must be approved.
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,227 21,051 43,308
Median Age: 39.81 38.93 38.02
Households: 1,356 8,288 15,558

Contact

Photograph of Listing Agent

Kelley Smith

Keller Williams Realty Gulf Coast
Gulf Coast CMLS Member
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