Canopy Town Center

Vacant Land for Sale
Catylist Listing ID: 30716746
Gross Land Area: 19 Acres
Sale Price: $10,000,000
Unit Price: $526,315 Per Acre
Sale Terms: Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

This is a 18-20 acre net usable (high and dry) town center parcel in the heart of Tallahassee's newest master community, Canopy. The price is for the entire town center, however single pad options, or small portions may be subdivided. The owners are experienced developers who are behind the entire 500 acre development. For end users they are willing to build to suit, sell a pad, ground lease, or sell the land as it is. Some highlights include:

- 170,000 SF Town Center already entitled. Site delivered with a rough grade, off site storm water (60% impervious), off site green space, utilities, and storm drain stubbed to parcel, entitlements and school/traffic concurrency (mitigation) in place. Located in the center of Canopy community.
PROPERTY HIGHLIGHTS (this below is based on concept in OM, flexibility of changing and redesigning is allowed)
- ONE 40,000 SF BIG BOX PAD
- ONE 2,100 SF FF PAD
- ONE 3,500 SF FF PAD
- ONE 2 Story 26,000 sf office/retail building pad (13,000 SF PER FLOOR)
- ONE 6,000 SF SINGLE STORY OFFICE PAD/Retail pad
- ONE 9,600 SF RETAIL/ RESTAURANT PAD
- TWO 33,600 SF, 4 STORY MIXED USE PADS (OFFICE/RETAIL ON 1ST FLOOR AND CONDOS ON THE REST)(8400 sf per floor)
- ONE 16,800 SF 2 STORY OFFICE/ RETAIL (8,400 SF PER FLOOR)
- ONE 18,000 SF RETAIL PAD
- ONE FOUR STORY 50,000 sf mixed use building pad (office/retail on Floor 1, condo on the rest) (12,500 SF per floor)
- ONE FOUR STORY 38,400 SF FLOOR MIXED USE PAD (OFFICE/ RETAIL ON BOTTOM, condos or apts above) (9600 sf per flr)

COMMUNITY HIGHLIGHTS
- FUTURE I10 INTERCHANGE PLANNED JUST NORTH OF THIS PROPERTY. PROJECT CONSISTING OF NEARLY 1700 RESIDENTIAL UNITS (APTS: 300 BUILT, 370 IN NEGOTIATION TO GO UNDER CONTRACT. HOUSES: 150 BUILT, 100 LOTS DEVELOPED READY TO BUILD, 400 LOTS UNDER DEVELOPMENT, 200 LOTS IN PERMITTING, REMAINDER IN DESIGN), 100K SF Entertainment facility similar to Dave and Busters under construction, (2) 2 acre corner retail pads with 20k sf of entitlements each (available for sale), A 60,000 SF CHURCH SITE SOLD, A 180 BED ASSISTED LIVING FACILITY BUILT AND OPERATING, TALLAHASSEE ORTHOPEDIC CLINIC FACILITY BUILT AND OPERATING, 60,000 SF SENIOR CENTER SITE DONATED TO CITY AND FUNDED FOR CONSTRUCTION, AND A 100,000 SF MEDICAL CAMPUS PROVIDED BY TALLAHASSEE MEMORIAL HOSPITAL HAS BEEN SOLD AND CLOSED. THE MASTER DEVELOPERS ARE HOME BUILDERS AND ARE TAKING DOWN THE LOTS THEMSELVES RAPIDLY. IN ADDITION TO THIS 500 ACRE DEVELOPMENT, THERE'S AN ADDITIONAL SEVERAL THOUSAND ACRES NORTH OF I-10 ANNEXED INTO THE CITY OF TALLAHASSEE. THIS SITE IS JUST THE BEGINNING FOR THE LONG TERM FUTURE OF TALLAHASSEE WITH THOUSANDS OF RESIDENTIAL UNITS AND HUNDREDS OF THOUSANDS OF COMMERCIAL SQUARE FOOTAGE TO COME FOR THE NEXT FEW DECADES.

- Town Center can become a mixed use project by adding Residential units on top of Commercial. Price varies by number of units - each unit added is additional $15,000 per door

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 111525 H0020
Zoning: PUD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,428 48,446 134,061
Median Age: 39.44 41.41 36.1
Households: 2,358 21,454 54,812

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