Cactus Motel

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30742244
Property Subtypes: Motel
Status: Pending
Building Status: Proposed
Number of Units: 18 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $1,050,000
Unit Price: $58,333.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

vision is a redevelopment for a new hotel to serve the parents, family, and friends of Tallahassee Community College student's plays, games, and graduations. Just under an acre of flat land with approximately 300 feet of major road frontage on US Highway 90 with over 41,000 vpd.

Nearly an acre of land (.99)
Located in a vibrant college town
Redevelopment parcel - motel is obsolete
Traffic Count 41,500 vehicles per day
300 feet frontage on US Highway 90/West Tennessee Street
Redevelopment Opportunity - This area of west Tennessee St/US 90 corridor has few franchise food establishments and no hotels.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 212840 A0010
Property Located Between: US 90 is a main east-west road through the heart of Tallahassee. As you go west from downtown Tallahassee about 3 miles from downtown sits the iconic Cactus Motel. Tallahassee Community College and learning centers for Flagler College and St. Leo College, as well as Lively Technical College are located between 1,000 and 2900 feet from the motel.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,283 82,338 149,240
Median Age: 23.26 24.69 29.7
Households: 7,048 31,469 59,947
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