Prime Redevelopment Opportunity
Also listed as Special Purpose, Business Opportunity
|Catylist Listing ID:
Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort, Other
|Gross Land Area:
||$1,465,686 Per Acre
Overview / Comments
The property is an impervious ½ city block (1.02 acres) of land primed for redevelopment, located in between Midtown and Downtown Tallahassee and 3 blocks south of the Florida Governor's Mansion. Subject is zoned Central Core (CC) which is the most dense zoning designation within the city limits and permits up to 150 dwelling units per acre. The 9,078 SF structure on site is generating a net operating income of $8,200 a month with 7 months remaining on their lease, thus providing the potential developer a steady cash flow during the permitting process.
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