Retail Redevelopment Parcel @ Hard Lighted Corner

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30833751
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 0.70 Acres
Sale Price: $1,250,000
Unit Price: $1,785,714 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2023

Overview / Comments

Excellent site for commercial redevelopment. 2 side by side parcels that are located at the lighted intersection of Mahan Dr. and Magnolia Dr., two extremely well know passthrough roads in Tallahassee, FL. Great visibility, easy access, heavy traffic and the areas‘ strongest demographics make this an extremely popular and high demand intersection. The Magnolia Dr area is newly re-developed with popular restaurants, shops, physician practices, a newer motel and a grocery store nearby. The areas’ largest hospital is one main intersection away and the neighborhood high-school is within walking distance. Endless opportunities and businesses would thrive at this location.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 1131200110000
Property Located Between: Mahan and Apalachee Parkway
Property Visibility: Excellent
Largest Nearby Street: Mahan - Highway 90 - West Tennessee
Airports: TLH
Site Description: 100% impervious currently has an older restaurant and warehouse building. The consists of 2 parcels.
Area Description: Hugh traffic retail area with strong demographics.
Zoning Description: Wide range of commercial retail uses.
Topography: Steep
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,732 94,159 173,019
Median Age: 35.26 30.02 31.03
Households: 3,484 38,942 72,209


Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. Member
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