Approved Assisted Living Faciltiy PUD Tallahaassee, FL

Vacant Land for Sale
Catylist Listing ID: 30556281
Property Subtypes: Multi-Family
Gross Land Area: 14.90 Acres
Sale Price: $1,250,000
Unit Price: $83,892 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2020

Overview / Comments

Vacant Future Assisted Living Facility site consisting of 14.9 acres in Tallahassee. The site neighbors Piney Z Plantation, a large residential neighborhood. The site is under 5 miles from both Tallahassee Memorial Hospital and Capital Regional Medical Center and is convenient to major retailers and multiple city parks and state offices.

The existing zoning allows for the following entitlements of: 56-unit (70
bed) assisted living facility, a 38-unit (54 bed) memory care facility and a 14-unit/7-duplex (14 bed)
independent living facility. In sum, the property is entitled for: 108 total units and 138 total beds, all
being 55+ age-restricted.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 3102200010000
Zoning: PUD
Property Located Between: The subject property is located at the northerly terminus of Virgil Road, at Planters Ridge Drive, approximately 0.3± miles north of Apalachee Parkway (U.S. Highway 27) in southeastern Tallahassee, Leon County, Florida. More generally, the subject is located approximately 1.7± miles east of Capital Circle Southeast and 4.9± miles east of downtown Tallahassee and the Capitol of Florida.
Property Visibility: Good
Largest Nearby Street: Virgil Road
Highway Access: Highway 27 North (Apalachee Parkway)
Airports: TLH
Site Description: Located at Virgil Road & Planters Ridge Drive in Southeast Tallahassee, approximately 1.5 miles from Capital Circle SE and Apalachee Parkway. The site is adjacent to the Piney Z residential neighborhood and can be accessed from both Highway 27 and Planters Ridge Dr. in Piney Z.
Area Description: The subject property is located at the northerly terminus of Virgil Road, at Planters Ridge Drive, approximately 0.3± miles north of Apalachee Parkway (U.S. Highway 27) in southeastern Tallahassee, Leon County, Florida. More generally, the subject is located approximately 1.7± miles east of Capital Circle Southeast and 4.9± miles east of downtown Tallahassee and the Capitol of Florida.
Zoning Description: PUD - Superior Residence PUD
Part of Planned Development?: Yes
Development Name: Superior Residence PUD - Assisted Living Facility
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 35,054 85,412
Median Age: 35.51 36.67
Households: 15,256 37,542

Contact

Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. TALrex.com Member
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