For Auction
Asset Snapshot
Offering Summary
HIGH PROFILE FREESTANDING VACANT FORMER KMART IN MILTON, FLORIDA
Transwestern Capital Markets and RealINSIGHT Marketplace are pleased to offer for sale a high profile vacant former Kmart store with prominent frontage and visibility on the heavily travelled US Highway 90 retail and commercial corridor serving the Santa Rosa County, Florida, market. The Property’s city of Milton location is within the Pensacola MSA’s rapidly growing Northwest Florida section of Florida’s Panhandle.
The Property is ready to be immediately occupied by a new user or converted to an alternative use, with a wide variety of allowed business uses per the C-2 commercial city of Milton zoning.
RETAIL: Growing Santa Rosa County market is underrepresented by expanding major retailers, will have strong appeal to a myriad of retailers targeting expansion in the greater Pensacola MSA.
ALTERNATIVE USES: Design is ideally suited for alternative uses such as: Self Storage Facility, Government Office, Office Users, Schools/Colleges and Multifamily use.
Investment Highlights
Signage Opportunity – Lures Large Users
US Highway 90 monument signage is highly attractive to prospective large users.
Strong Traffic Count
Highly profile 34,500 traffic count, provides instant market presence to future uses.
Convenient Access
Stop light intersection, with a curb cut and turn lane allowing easy and convenient access to US HWY 90.
Attractive Economic Demographics
Average Household Income is $70,389 within a 1 mile radius, with 50,804 residents in 5 mile radius.
Military: Economic Engine Strength
The area is known as the “Cradle of Naval Aviation.” The Department of Defense has a $22.1 billion impact in Northwest Florida, the most of any area in Florida, and is one of the top military regions in the nation. Santa Rosa County has 34,000 area military retirees.
Below Replacement Cost Opportunity
Acquire and lease with a new retail tenant or alternative user such as office, commercial, or a storage facility at a fraction of the cost to build from ground up.
Due Diligence
Cooperating Broker Fee
Eligible brokers may receive a 0.50% fee when representing the winning bidder.
Learn more in the FAQsPlatform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
