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    Municipal Dr Milton, FL 32570

    For Sale
    $198,500

    3.07 Acres, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.07-acre commercial land parcel in Milton, Florida (32570), presents a compelling investment or development opportunity. Located in Santa Rosa County, this property consists of three parcels within a proposed Opportunity Zone Tract (12113010600) and is currently zoned for industrial use. The land is strategically situated just south of Highway 90, a major thoroughfare connecting East Milton to Pace and Pensacola, offering excellent accessibility. Parcels 1 and 2 are positioned to potentially benefit from a future extension of Escambia Street. The scarcity of vacant land along Municipal and Elmira Streets further enhances the property's value. A significant advantage is the inclusion of a 25-foot easement granting riverfront access. The asking price is $198,500, translating to approximately $64,657 per acre. The APN numbers are 03-1N-28-2530-05000-0070

    Property Features for 0 Municipal Dr

    General Information

    Property type
    Land
    Lot Size
    133,729 SF

    HighLights

    • 3.07‑acre commercial land parcel in Milton, FL (32570).
    • Located in Santa Rosa County within a proposed Opportunity Zone.
    • Currently zoned industrial, situated south of Highway 90 with excellent accessibility.
    • Potential to benefit from Escambia Street extension.
    • Rare vacant land along Municipal and Elmira Streets.
    • Includes a 25‑foot riverfront easement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0357129
    Latitude
    30.6176915

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    FAQs

    What type of property is this?
    Land - 3.07 Acres, Investment Opportunity
    Where is this land located?
    The property is located at Municipal Dr Milton, FL.
    What is the asking price?
    The asking price for this property is $198,500.
    What are key features of this property?
    This property features: 3.07-acre commercial land parcel in Milton, FL (32570).; Located in Santa Rosa County within a proposed Opportunity Zone.; Currently zoned industrial, situated south of Highway 90 with excellent accessibility.
    (850) 393-9455
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    Municipal Dr 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
    Municipal Dr Milton, FL 32570
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