6974 Highway 87 Milton, FL 32570
- Retail space
- 3,824 SF
- 0.23 lot acres
Current Use by Public Records
- Retail space
Property Details for 6974 Highway 87
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 3,824 SF
- Zone code
- HCD
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 16-2N-28-0000-03700-0000
- APU
- 162N280000037000000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $75,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $70,000
- 7%
- $70,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $80,000
- Geo Method
- $75,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $70,000
- Retail
- $65,000
- Mixed-Use
- $80,000
- Hospitality
- $85,000
- Educational
- $75,000
- Residential Income
- $75,000
- Energy
- $70,000
- Income-Based Land
- $70,000
- Food Service
- $70,000
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.0534
- Latitude
- 30.6891
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA