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: |
4/1/2021 |
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
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| 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 |
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 |
|
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