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    5994 FL-87 Milton, FL 32570

    Source: https://www.saltercompany.com
    For Sale
    $1,150,000

    Prime 9.61-acre commercial site near new Publix.

    Property size:
    418,611 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    300
    This exceptional 9.61+/- acre commercial property presents a remarkable investment opportunity in Milton, Florida. Strategically located on Highway 87, this site enjoys high visibility and convenient access, situated approximately one mile from the recently constructed Publix shopping center on Highway 89. The property benefits from its proximity to Weber's Skate World, currently undergoing expansion, indicating a thriving and growing area. Located in Santa Rosa County, this land has undergone rezoning to HCD (Highway Commercial Development), opening up a wide range of development possibilities. Importantly, note that this property is not within the City of Milton's jurisdiction. The expansive lot size offers significant potential for various commercial ventures, capitalizing on the area's increasing commercial activity and strong retail presence. The asking price is $1,150,000. This is a rare chance to acquire a substantial parcel of land in a prime location with excellent growth prospects. Serious inquiries are encouraged.

    Property Features for 5994 FL-87

    General Information

    Property type
    Other land
    Square Feet
    418,611 SF
    Price / Square Foot
    $2
    Elevators
    N/A
    Lot Size
    418,612 SF

    HighLights

    • Prime 9.61‑acre commercial site on Hwy 87 in Milton, FL.
    • Strategically located near a new Publix and expanding Weber's Skate World.
    • Rezoned for Highway Commercial Development (HCD) in Santa Rosa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Milton
    State
    Florida

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    FAQs

    What type of property is this?
    Land - Prime 9.61-acre commercial site near new Publix.
    Where is this land located?
    The property is located at 5994 FL-87 Milton, FL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Prime 9.61-acre commercial site on Hwy 87 in Milton, FL.; Strategically located near a new Publix and expanding Weber's Skate World.; Rezoned for Highway Commercial Development (HCD) in Santa Rosa County.
    (850) 501-9101
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    Milton, FL 32570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5994 FL-87 Milton, FL 32570
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