Property profile

3601 Empire St Pace, FL 32571

OFF-MARKET
Commercial land
Property ID
US18-3083922
1,112 SF 0.49 ac lot Built 1977
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.49-acre parcel presents a unique opportunity for residential development in the desirable Milton, Florida area. Located at 3601 Empire Street, this property boasts 162 feet of frontage on Highway 90, providing excellent visibility and accessibility. The land is zoned HCD, offering flexibility for residential construction. Its strategic location between two established commercial buildings ensures a thriving and convenient neighborhood setting. The property's APN is 23-1N-29-1240-01000-0010. Access is available from both Highway 90 and Empire Street, offering multiple entry points. The asking price is $230,000, translating to a land value of $469,387 per acre. This prime location, combined with its size and zoning, makes this a truly exceptional investment opportunity for discerning buyers seeking to build in a high-demand area. The property's convenient access to Highway 90 and its proximity to established businesses make it an ideal location for a new residential development. This is a must-see property for anyone looking for a prime residential building lot in Santa Rosa County, Florida, with a Milton address and 32571 zip code. The coordinates are 30.593769 latitude and -87.172936 longitude.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1977
Construction WOOD FRAME
Total area 1,112 SF
Lot 0.49 ac (21,140 SF)
Zoning code HCD
APN 23-1N-29-1240-01000-0010
UPID US18-3083922

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3601 Empire St Pace, FL 32571-1849
Pace metro Census 10705 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2010
3 recorded transactions
2013
Price N/A
2010
$5,000
2000
$90,000

Zoning & alternative use

HCD · Pace, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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