0 San Raphael St Milton, FL 32583
This exceptional 175-acre property presents a remarkable development opportunity in Avalon, Florida. Located on the south side of Interstate 10, this land comprises three contiguous parcels offering unparalleled waterfront access to Escambia Bay. Zoned RR-1, the site is ideally suited for residential subdivision, allowing for the creation of individual lots or the construction of single-family homes. Its strategic location near the rapidly expanding Pensacola Metropolitan Statistical Area (MSA) makes it exceptionally attractive for investors. The Pensacola area has witnessed significant recent growth, fueled in part by major employers like Navy Federal Credit Union, which has announced substantial expansion plans. This prime location offers developers access to a thriving market with a strong demand for residential properties. The property's size and zoning provide significant flexibility for a variety of residential development projects, capitalizing on the area's robust growth trajectory. The 32583 zip code in Santa Rosa County, Florida, ensures easy access to local amenities and infrastructure. This is a rare opportunity to acquire a large-scale waterfront development site in a high-growth area. The asking price is $1,995,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.