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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Tallahassee Board of REALTORS nor
Moody's assume any liability for errors or omissions.
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