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    5503 Northrop Rd Milton, FL 32570

    Source: https://www.saltercompany.com
    For Sale
    Contact for pricing

    1.1-acre lot, ideal office space.

    Property size:
    47,876 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    300
    This 1.1-acre commercial parcel is located at 5503 Northrop Rd, Milton, FL 32570. Priced at $19,900, this property presents a compelling opportunity for development. Its C-1 zoning makes it suitable for a variety of office uses. The land offers excellent accessibility, situated minutes away from the Santa Rosa Medical Center and local schools, ensuring high visibility and convenient access for employees and clients. This strategic location within Milton provides a strong foundation for a thriving business. The expansive 1.1-acre lot provides ample space for construction, allowing for flexibility in design and potential expansion. Serious inquiries are encouraged to explore the possibilities this property offers. The address is easily accessible and well-suited for a variety of commercial ventures. This is a rare opportunity to acquire a sizable commercial lot in a desirable location at an attractive price point. Don't miss out on this chance to establish your business in a thriving community. The property is ready for immediate development.

    Property Features for 5503 Northrop Rd

    General Information

    Property type
    Other land
    Square Feet
    47,876 SF
    Price / Square Foot
    $0.42
    Elevators
    N/A
    Lot Size
    47,916 SF

    HighLights

    • Prime 1.1‑acre commercial lot in Milton, FL
    • Conveniently located near Santa Rosa Medical Center and schools
    • C‑1 zoning ideal for office development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Milton
    State
    Florida

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    FAQs

    What type of property is this?
    Land - 1.1-acre lot, ideal office space.
    Where is this land located?
    The property is located at 5503 Northrop Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $19,900.
    What are key features of this property?
    This property features: Prime 1.1-acre commercial lot in Milton, FL; Conveniently located near Santa Rosa Medical Center and schools; C-1 zoning ideal for office development.
    (850) 698-3111
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    5503 Northrop Rd 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    5503 Northrop Rd Milton, FL 32570
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