Charming Two Story riverfront corner office building in the heart of the Milton Historic District. B...
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.
- MLS® #564891
- Square Footage8,308
- TypeCommercial Sales
- Lot Description87
- Listing OfficeColdwell Banker Commercial Nrt
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