Catylist ID:
#30742244
| 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 Nearly an acre of land (.99) Located in a vibrant college town Redevelopment parcel - motel is obsolete Traffic Count 41,500 vehicles per day 300 feet frontage on US Highway 90/West Tennessee Street Redevelopment Opportunity - This area of west Tennessee St/US 90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. |
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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