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Property profile & analytics
FOR SALE
Retail space

6974 Highway 87 Milton, FL 32570

3,824 SF 0.23 ac lot Built 1950
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-2836429
Property summary
AI-generated overview

This exceptional 0.35-acre commercial land parcel is ideally situated on Highway 87 in Milton, Florida. Zoned HCD, this property presents a remarkable opportunity for retail development, particularly given its proximity to the NAS Whiting Field military base and downtown Milton. Boasting approximately 100 feet of frontage on Highway 87, the site enjoys high visibility and accessibility. The property is conveniently located within three miles of the NAS Whiting Field front gate, ensuring a strong potential customer base. Currently, a vacant 2,637 square foot wood-frame building sits on the site, offering potential for renovation or demolition. The sale includes two parcels: 16-2N-28-0000-03700-0000 and 16-2N-28-0000-00718-0000. The property's location directly across the street from a newly constructed Dollar General store further enhances its desirability and potential for immediate success. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area of Santa Rosa County, Florida. The asking price for this exceptional property is $165,000. The property's address is 6974 Highway 87, Milton, FL 32570.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,824 SF
Lot 0.23 ac (10,000 SF)
Zoning code HCD
APN 16-2N-28-0000-03700-0000
UPID US18-2836429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Black & Young LLC · 4 yrs held
Black & Young LLC
since 2022
Last sale
$100,000
4 recorded transactions
2022
$100,000
2009
$325,000
2007
$325,000
2004
$85,000
Zoning & alternative use
HCD · Milton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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