Corner Location on Stewart St

Retail-Commercial for Sale
Catylist Listing ID: 30868110
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 2,220 SF
Gross Land Area: 0.48 Acres
Sale Price: $237,900
Unit Price: $107.16 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/28/2024

Overview / Comments

This solidly built building resides on nearly a half acre of land on a easy to access corner lot in Milton, FL. The building is currently used for retail and small gatherings, and tenant has agreed to vacate prior to sale date. Besides the primary building, there is a seperate conditioned metal building on slab (not counted in the square footage) which would make a wonderful workshop, storage, or additional retail/service areas. There is one more free standing storage building on the property and three parking canopies.

You really need to see the property to imagine all of the possibilties - retail, office, service, club, repair/fabrication, and more.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 34-2N-28-2470-01700-0040
Zoning: C-3 (CITY OF MILTON, FL)
Retail Clientele: General, Family, Business
Property Located Between: Hwy 90 and Point Baker
Property Visibility: Excellent
Largest Nearby Street: Hwy 90
Feet of Frontage: 145
Highway Access: Steward St is Hwy 87N. South to Hwy 90 is close.
Airports: PNS - Pensacola International Airport
Site Description: This is a fully developed lot with one primary building, plus accessory structures. Fully fenced and canopies for covered parking.
Area Description: This is an established commercial corridor. This property is situated in the vicinity of a High School, Middle School, and private academy.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1960
Year Renovated: 1980
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Primary structure is constructed of concrete block with brick facade. There are multiple roll up doors for convenience.
Parking Type: Surface
Parking Description: Parking on Stewart plus additional parking inside the fenced/secured area.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open work areas, one private office, one bathroom.
Zoning Description: C-3 - Check City of Milton for allowed uses.
Lot Frontage: 145
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: MILTON HEIGHTS LOTS 4 5 6 & N35 FT OF LOT 11 BLK 17 AS DESIN OR 4258 PG 1005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,278 22,306 39,055
Median Age: 33.25 38.17 38.26
Households: 1,658 8,767 15,193


Photograph of Listing Agent

Michael Mangrum

Coldwell Banker Commercial Realty Gulf Coast CMLS Member
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