5500 Stewart St 66,110 SF Specialty Building Offered at $3,995,000 in Milton, FL 32570

This prime redevelopment opportunity at 5500 Stewart Street offers unmatched visibility and strategic positioning in Milton, Florida. Formerly a hospital, the property spans 3.72 acres with a substantial 66,110 SF structure, making it ideal for adaptive reuse or new development. Located directly across from Milton High School and fronting Stewart Street—a major corridor with an AADT of 17,400—the site ensures high traffic exposure and convenient access for future occupants.
The property benefits from dual access points, including rear connectivity to the Blackwater Heritage State Trail, creating a unique blend of accessibility and lifestyle appeal. Within walking distance are key community amenities such as Carpenter’s Park, the City Library, and Historic Downtown Milton, offering a vibrant environment for mixed-use concepts. Surrounding the site is a strong retail and service presence, including national brands like Publix, Walgreens, and Planet Fitness, reinforcing its commercial viability.
Demographics underscore the opportunity: nearly 47,000 residents within five miles and an average household income exceeding $66,000. With Milton’s steady growth and proximity to major highways, this asset is positioned for long-term value creation. Whether envisioned as a medical campus, office complex, or specialty redevelopment, 5500 Stewart Street delivers the scale, location, and infrastructure to support a transformative project.