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5005 Sterling Way - Industrial Land Opportunity | 27.32 Acres 4.46 - 22.86 Acre Commercial Land Lots Offered at $557,500 - $2,857,500 Per Lot in Milton, FL 32571

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Investment Highlights

  • Zoned General Industry (M-2) for versatile industrial use
  • Quick access to the interstate for convenient transportation
  • location near Whiting Field
  • All major utilities available on site (natural gas adjacent)

Executive Summary

Presenting a rare opportunity to acquire or lease 27.32 acres of prime industrial land comprised of two adjacent parcels in Milton, FL, zoned General Industry (M-2). Parcel 1 (22.86 acres) and Parcel 2 (4.46 acres) are available together or separately, creating flexible opportunities for development or investment.
The property benefits from established ingress and egress, providing efficient site access and circulation for industrial operations. Strategically located near Whiting Field with convenient connectivity to Interstate I-10, the site offers strong regional access and a central position within the Milton/Pensacola MSA, supporting logistics, distribution, manufacturing, and other industrial uses.
Infrastructure readiness enhances the site’s development potential, with all major utilities available at the property, except natural gas, which is located immediately adjacent to the site. Ownership is open to a variety of deal structures, including a ground lease or build-to-suit arrangement, creating a flexible opportunity tailored to user and developer requirements.

Property Facts

Price $557,500 - $3,415,000
Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use Industrial
Total Lot Size 27.32 AC
Zoning M-2 - General Industial.

2 Lots Available

Lot

Price $2,857,500
Price Per AC $125,000.00
Lot Size 22.86 AC

Two adjacent parcels totaling 27.32 acres of prime industrial land, zoned General Industry (M-2), in Milton, FL. Parcel 1: 22.86 acres and Parcel 2: 4.46 acres are available together or can be purchased separately.

Lot

Price $557,500
Price Per AC $125,000.00
Lot Size 4.46 AC

Two adjacent parcels totaling 27.32 acres of prime industrial land, zoned General Industry (M-2), in Milton, FL. Parcel 1: 22.86 acres and Parcel 2: 4.46 acres are available together or can be purchased separately.

Description

Milton is located North of Pensacola in the Florida Panhandle. Santa Rosa County has been experiencing major growth in the past few years. The Navy Federal hub moving to Pensacola has brought many new residents to the area and continues to do so. This vacant land in Milton is zoned General Industry (M-2) and allows developers to provide for intensive industrial uses such as heavy manufacturing, processing, fabrication, and other activities. Community facilities and trade establishments that provide needed services to industrial development may also be accommodated in this district. (Santa Rosa County Code of Ordinance, n.d.)

Property Taxes

Property Taxes

Parcel Number
29-1N-29-0000-00100-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$850,187
  • Listing ID: 34718334

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 5005 Sterling Way, Milton, FL 32571

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