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5232 Willing St
Milton, FL 32570
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Less than 170 feet from US Hwy 90
  • Pedestrian Walkway to the Blackwater River Board Walk located to the immediate right of the property.
  • Two story retail space available on the Blackwater River.
  • Historic Downtown District, CRA District, Alcoholic Beverage Overlay District, Tourism District.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bar
Building Size
8,308 SF
Building Class
C
Year Built
1962
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.10 AC
Zoning
D-CM
Parking
2 Spaces (0.25 Spaces per 1,000 SF Leased)
Frontage
50’ on Willing St

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Waterfront

ABOUT 5232 WILLING ST , MILTON, FL 32570

Located in the heart of Historic Downtown Milton, this 8,308 sq ft building include 2 stories and waterfront views of the Blackwater River. The Five and Dime Building was once an anchor to the City of Milton. It currently sits just off the intersection of US-90 and Willing St. which allows this site to benefit from the high traffic counts of US-90 & Willing St. totaling an AADT of 18,100. Demographics revealed the Median Household Income at $54,121, Total Population 50,138 and a Median Age of 38.7 within a 5 mile radius of the site. Restaurant Market Potential revealed 26.8% of the population within a 10 minute drive to time went out to a family style restaurant 4+times per month with 46.9% occurring at dinner. The retail demand outlook shows an increase in meals spent on food away from home increasing by $5.6M between 2019-2024. Consumer Spending in Apparel and Services is forecasting a projected spending growth between 2019-2024 at $3.25M.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-1N-28-2530-02000-0030
Land Assessment
$75,000
Improvements Assessment
$184,302
Total Assessment
$259,302
  • Listing ID: 17968532

  • Date on Market: 12/14/2019

  • Last Updated:

  • Address: 5232 Willing St, Milton, FL 32570

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