5232 Willing St

    Milton, FL 32570
    • $450,000
    • STATUS: Active
    • ON SITE: 116 days
    • MLS #: 564891
    UPDATED: 46 min ago
    $450,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,308
      SQFT
    • $54
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    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. A full set of previously approved plans for a full scale restaurant with alcohol is available for the Buyer. Plans are not current, but offer the full potential for a sit down restaurant with 1st and 2nd story seating, along with balcony seating overlooking the Blackwater River. This site is in a Historic Downtown District, CRA District, Alcoholic Beverage Overlay District, Tourism District, AE Flood Zone.

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    © 2020 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2020-04-09T06:42:07.97.
    www.levinrinkerealty.com/homes/101726788

    5232 Willing St Milton, FL 32570

    • Price: $450,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 564891
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    8,308
    SQFT
    $54
    $/SQFT
    Neighborhood:
    Milton
    County:
    Santa Rosa
    Area:
    Milton
    Property Description
    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. A full set of previously approved plans for a full scale restaurant with alcohol is available for the Buyer. Plans are not current, but offer the full potential for a sit down restaurant with 1st and 2nd story seating, along with balcony seating overlooking the Blackwater River. This site is in a Historic Downtown District, CRA District, Alcoholic Beverage Overlay District, Tourism District, AE Flood Zone.
    Exterior Features

    Lot Depth 87 Lot Frontage 50

    Interior Features

    Sq Ft Available 8308

    Property Features

    Commercial Property Type Retail Construction Status Existing Land Type Commercial Property Name Five And Dime Special Sale Type As Is Use Type Antique StoreBankBeauty/BarberBeverageChild Care CenterConvenience StoreFast FoodFloristFood ServiceFranchiseGroceryGym/Health Club/SpaHardware GoodsLiquorLounge/BarMulti TenantOfficeOther Type UsePawn ShopProfessionalRestaurantRetailShowroom Zoning Other

    Listing provided courtesy of Coldwell Banker Commercial Nrt.


    © 2020 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2020-04-09T06:42:07.97.
     
    Levin Rinke Realty
    10 Portofino Drive
    Pensacola Beach FL, 32561