0 Jesse Allen Rd Milton, FL 32570

This exceptional 157-acre property in Milton, Florida, presents a unique investment opportunity for farmers, builders, and investors. Located in Santa Rosa County, the land is zoned AG-RR Rural Residential Agriculture and offers a sale/leaseback option with a $200/acre leaseback income from the seller. The property boasts a cleared and level landscape, ideal for immediate development. Features include an irrigation system, making it suitable for agricultural use, and over 2,200 feet of paved road frontage along Jesse Allen Road, with convenient access to Highway 87. Its proximity to Whiting Naval Air Station (one mile) and Point Baker Air Force Base (four miles) makes it particularly attractive for housing development targeting military families. The property's dimensions are approximately 2227x525x420x2117x2663x2650 feet. The asking price is $3,611,000, or $18,000 per acre. Parcel numbers are 283N280000003040000