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    8601 Hwy 87 Milton, FL 32583

    Source: https://www.saltercompany.com
    For Sale
    $149,900

    High-visibility lot, ideal for development.

    Property size:
    40,075 SF

    Description

    Added:
    Feb 19, 2025
    Days on Market:
    296
    This exceptional 0.92-acre commercial lot in Milton, Florida (zip code 32583), presents a compelling investment opportunity. Located on Hwy 87, this property boasts excellent visibility and accessibility, making it perfect for a variety of commercial ventures. The expansive lot size offers ample space for retail, office, or other business development projects. Priced at $149,900, this represents a significant value at approximately $162,935 per acre. Its strategic location within the growing Santa Rosa County market ensures strong potential for future appreciation. The property's high-traffic location guarantees significant exposure for any business established here. This is a rare chance to acquire a prime commercial parcel in a thriving area, offering substantial returns for investors and developers alike. Serious inquiries are encouraged to explore this exceptional opportunity. The property is zoned for commercial use.

    Property Features for 8601 Hwy 87

    General Information

    Property type
    Other land
    Square Feet
    40,075 SF
    Price / Square Foot
    $3
    Elevators
    N/A
    Lot Size
    40,075 SF

    HighLights

    • 0.92 acres of prime commercial land in Milton, FL.
    • $149,900 asking price; ideal for retail, office, or other commercial development.
    • High‑visibility location offering excellent investment potential in a growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel HVAC Service Electronics Store Cafe & Coffee Shop Pawn Shop Arcade & Gaming Center Italian Restaurant Toy Store

    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 - High-visibility lot, ideal for development.
    Where is this land located?
    The property is located at 8601 Hwy 87 Milton, FL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: 0.92 acres of prime commercial land in Milton, FL.; $149,900 asking price; ideal for retail, office, or other commercial development.; High-visibility location offering excellent investment potential in a growing area.
    (850) 939-2366
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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
    8601 Hwy 87 Milton, FL 32583
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