DOWNTOWN MILTON SHOPPE

Retail-Commercial for Sale
Catylist Listing ID: 30783272
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,490 SF
Gross Building Area: See Agent
Gross Land Area: 0.16 Acres
Sale Price: $395,000
Unit Price: $158.63 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2022

Overview / Comments

YOUR OPPORTUNITY-To own this building in the Historic City of Milton. RC-1 zoning allows for a variety of Commercial and Residential uses according to the Code of Ordinances, including retail, antique stores, professional offices and more. Recent updates include exterior paint in 2021, HVAC(2009,) front door and some new windows (2021.) The 400 AMP electrical service makes it perfect for a variety of uses, and the newly resurfaced and re-striped 6 car parking lot with two street entrances allow for a smooth flow of traffic. There are multiple access doors and 3 separate large meeting rooms in addition to the front lobby area, which has a wall of plate glass windows for great visibility. Florida DOT traffic studies counted 17,500 cars per day pass this location, and there are additional tax incentives through the Federal Government Certified Florida Opportunity Zone program.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: City of Milton
Tax ID/APN: 03-1N-28-2530-02200-0021
Retail Clientele: General, Business, Tourist, Other
Property Located Between: Canal St. and Escambia St.
Property Visibility: Excellent
Largest Nearby Street: Highway 90
Feet of Frontage: 75
Traffic/Vehicle Count: 17,500
Area Description: The Historic City of Milton includes many professional and legal offices, retail shops, restaurants and pubs, and downtown residences. The Blackwater River is nearby, and the location of most downtown events. This is a highly visible area and Highway 90 is the main road through town.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1962
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Block, Stucco
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: Newly resurfaced parking lot with 6 spaces, including a handicap space.
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable, DSL, Satellite
Interior Description: Lobby and 3 large conference rooms, 2 bathrooms, and a mechanical room in the back of the building with a utility sink.
Zoning Description: RC-1
Lot Frontage: 75
Lot Depth: 92
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other
Easements Description: FDEP periodically checks monitoring well due to site formally being a dry cleaner.
Legal Description: TOWN OF MILTON A PORT OF LOT 2BLK 22 FUR DES AS: BEG AT PT 5FT S35*35'E OF N CORN LOT 2BLK 22 THN S54*25'W 75 FTPARALLEL TO & 6 FT FRM SE LNWALNUT ST THN S35*35"E 92 FTTHN N54*25'E 75 FT TO SW LNESCAMBIA ST THN N35*35'W ON SWLN ESCAMBIA ST 92 FT TO POB ASDES IN OR 3992 PG 209

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,227 22,335 43,308
Median Age: 39.81 37.92 38.02
Households: 1,356 8,758 15,558

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