5177-5179 Stewart St - Retail FOR SALE


Milton, FL 32570
$260,000 USD
407-620-2416
5177-5179 Stewart St, Milton, FL for Sale
$260,000 USD
Retail - FOR SALE
1/4
null | 4.56% Cap Rate

5177-5179 Stewart St
Milton, FL 32570


HIGHLIGHTS

  • • Income-Producing Asset Featuring a Mix of Retail and Service-Oriented Tenants 
  • • One Vacancy Offers Immediate Lease-Up Potential and Rent Growth Opportunity 
  • • Existing Tenants Paying Below Market Rents – Future Renewals Present Strong Upside 
  • • Prime Location Along Stewart Street – a Major North-South Corridor Through Milton 
  • • Zoned SSC-RC (Stewart Street Corridor – Residential Commercial Mixed-Use) 
  • • On-Site Billboard Installed in 2006 Provides Supplemental Advertising Income 

OVERVIEW

Marcus & Millichap?is pleased to present?5177 Stewart Street, a value-add, multi-tenant retail investment opportunity located in the heart of Milton, Florida. Situated along a high-visibility commercial corridor, the property offers excellent exposure within the?Stewart Street Corridor Residential-Commercial Mixed-Use (SSC-RC) zoning district, allowing for a wide range of future use potential. The asset consists of a?6,598-square-foot concrete block and brick building? on?0.25 acres?of land with approximately?75 feet of frontage?on Stewart Street. Built in 1950 and updated in 1980, the building is currently?67% leased?to two tenants, with?one vacancy?providing immediate lease-up potential. The?existing leases are significantly below market, presenting a clear path to upside through future renewals or re-tenanting at current market rates. In addition to tenant income, the property includes a?billboard installed in 2006, which generates?supplemental advertising revenue, a rare feature that adds a steady, passive income stream to the asset’s performance.  This offering presents a compelling opportunity for investors seeking an accessible entry point into the Milton market with?multiple avenues for value creation, including:  Lease-up of existing vacancy  Marking rents to market upon turnover or renewal  Capitalizing on the property’s zoning flexibility  Billboard advertising income

FOR SALE DETAILS

PRICE

$260,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

4.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Milton Ridge Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C2

APN/PARCEL ID

03-1N-28-0000-03500-0000

ASK ABOUT THIS PROPERTY

Salim ValianiMarcus & MillichapMore Info
407-620-2416

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Salim ValianiMarcus & MillichapMore Info
407-620-2416

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.