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 |
| Zoning: |
GENERAL COMMERCIAL (C-2) |
| 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 |
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 |
|
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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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