Pads Approved for Development @ Graphene & Orange Ave

Vacant Land for Sale
Catylist Listing ID: 30852116
Property Subtypes: Residential (Single Family)
Gross Land Area: 1.88 Acres
Sale Price: $840,000
Unit Price: $446,808 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2023

Overview / Comments

Excellent opportunity to develop 42 affordable housing units in an area of town where the lack of housing has been recognized. This project will be part of the solution to a challenge we are facing in the community. PROJECT SUMMARY: 8 Building pads are Leftover from an incomplete Condo Project. There are currently 3 existing buildings that were completed in the 1st phase (not available for sale). 8 pads are available for sale now and may be purchased as a package or as individual pads. 6 of the pads will accommodate 5 units each. 2 pads will accommodate 6 units each. Currently, the pads are not a part of the HOA. A preliminary meeting with City Planning is scheduled and notes will be available for interested Buyers.
Note: adjacent parcel is available as well (W Orange Ave 0.63 Acres $200,000)
Brochure shows both parcels available

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: leon
Tax ID/APN: 410921 0001
Zoning: OR-2
Property Visibility: Excellent
Area Description: Directions: @CCSW & Orange, travel to Grphene Ln, turn Right to enter community

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,246 53,625 114,217
Median Age: 27.92 25.18 26.96
Households: 1,212 20,403 45,047


Photograph of Listing Agent

Lawrence "Chip" Hartung

Coldwell Banker Hartung Member
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