Surplus Condo Building Pad Site

Vacant Land for Sale
Catylist Listing ID: 30681150
Property Subtypes: Office, Retail-Pad
Gross Land Area: 2.20 Acres
Sale Price: $648,000
Unit Price: $294,545 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

The subject property consists of 54 pad sites out of a total of 72 pad sites within the Midyette Palms Condominium neighborhood. Commonly known as phases 2, 3 and 4 of the development, these units were never built by the original developer. The pad sites consist of one 24-unt pad site, one 18-unit pad site, one 6-unit pad site, and one 6-unit pad site remaining on the previously constructed 24 unit pad site. (18 units were constructed, 6 units were not, so the remaining 6 pad sites are included as part of the 54 pad site total. Pad sites are generally 30' x 60' and would typically support an approximate 1300-1700 SF, two-story condo unit. Existing neighborhood amenities include front entrance signage, paved streets w/ concrete sidewalks & curbing, underground utilities and stormwater retention. There are 18 existing improved padsites in the neighborhood and the typical condo unit is 3 bedrooms and two and one-half baths. All permit verifications and entitlements are the responsibility of the buyer.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 3104080011108

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,221 51,308 127,948
Median Age: 28.51 31.79 31.36
Households: 3,162 23,476 52,627

Contact

Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial TALrex.com Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Tallahassee Board of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.