For Sale
$3,850,000

4774 Jerry DrMilton, FL 32571

11.83 Acres, 18 Units Potential, High Growth Area

Source: https://www.saltercompany.com

Overview

Added:
Feb 13
Days on market:
56
This exceptional 11.83+/- acre parcel in Milton, Florida presents a remarkable multifamily development opportunity. Strategically located with convenient access to US Highway 90, boasting a high average annual daily traffic count of 34,500 vehicles to the south, this property offers unparalleled visibility and accessibility. Zoned R3 - Medium High Density, the land allows for a development density of 18 units per acre, promising significant potential for a substantial multifamily project. The site's prime location within Santa Rosa County, the fastest-growing county in the Florida Panhandle, experiencing over 24% population growth in the last decade, ensures strong future demand and a robust investment climate. This presents a unique chance to capitalize on the area's rapid expansion and burgeoning housing market. The asking price is $3,850,000. Serious inquiries only. Detailed zoning information and development plans are available upon request. This is a rare opportunity to acquire a large, well-located parcel in a high-growth area, ideal for a savvy investor seeking significant returns. Don't miss this chance to secure your position in one of Florida's most dynamic markets.

Highlights

  • Prime 11.83-acre site in Milton, FL, ideal for multifamily development.
  • Zoned R3, allowing for high-density construction up to 18 units per acre.
  • Excellent location with easy access to US Highway 90, boasting high traffic volume.

Property Details for 4774 Jerry Dr

Property type
Land, Commercial land
Square Feet
515,314 SF
Price / Square Foot
$7.47
Elevators
N/A
Lot Size (sq. ft)
515,315 SF

Location Insight

City
Milton
County
Santa Rosa
State
Florida

FAQs

What type of property is this?
Land - 11.83 Acres, 18 Units Potential, High Growth Area
Where is the land located?
The property is located at 4774 Jerry Dr Milton, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Prime 11.83-acre site in Milton, FL, ideal for multifamily development.; Zoned R3, allowing for high-density construction up to 18 units per acre.; Excellent location with easy access to US Highway 90, boasting high traffic volume.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4774 Jerry Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message