4843-4873 W Spencer Field Rd Milton, FL 32571
Retail plaza with stable income in rapidly growing Pace, Florida.
Property size:
26,250 SFLot size:
3.84 AcresProperty Features for 4843-4873 W Spencer Field Rd
General Information
- Size
- 26,250 SF
- Lot size
- 3.84 Acres
Source:
Moodyscre
Listing Agent: Paul Salter, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Plaza in Growing Pace
This retail plaza is located in a rapidly growing area of Pace, Florida, offering high visibility and easy access to US 90, Berryhill Road, and Chumuckla Highway. The location benefits from a high-traffic corridor experiencing strong residential and commercial expansion, with easy access to major roads and county regions. The property features a NNN lease structure with 11 tenants and 113 parking spaces. Recent upgrades include the replacement of 90% of the HVAC units, paving and striping of the parking lot, and landscaping improvements such as upgraded flower beds and the removal of obstructive trees. The property generates a Net Operating Income (NOI) of $326,000 annually, providing stable cash flow from long-term tenants. The property size is 26250 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.1491416
- Latitude
- 30.6128769
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FAQs
What type of property is this?
Strip mall - Retail plaza with stable income in rapidly growing Pace, Florida.
Where is this strip mall located?
The property is located at 4843-4873 W Spencer Field Rd Milton, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Stable $326,000 Net Operating Income (NOI) annually.; - NNN Lease structure with 11 tenants, providing stable cash flow.; - High visibility location in a rapidly growing area of Pace, Florida.