Redevelopment Parcel in Active Region of Tallahassee

Special Purpose for Sale
Catylist Listing ID: 30769233
Property Subtypes: Agricultural
Building Size (RSF): 5,267 SF
Gross Building Area: See Agent
Gross Land Area: 0.99 Acres
Sale Price: $1,150,000
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 5,267 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

Redevelopment area
This nearly 1-acre parcel is in an area of intense redevelopment. Three student apartment complexes with 1000s of students have been built within a mile. Six parcels with a mile have been purchased for redevelopment in the last year.
There are two curb cuts and over 500Ft of frontage on West Tennessee Street/US Highway 90.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: City of Tallahassee
Tax ID/APN: 212840 A0010
Zoning: COMMERCIAL PARKWAY
Property Located Between: Appleyard Drive and McKeithen Street
Property Visibility: Excellent
Largest Nearby Street: West Tennessee Street/U.S. Highway 90
Traffic/Vehicle Count: 41,500
Highway Access: 2 curb cuts on site, access to the side street, and u-turn in the median.
Airports: Tallahassee International Airport
Site Description: This nearly 1-acre parcel is in an area of intense redevelopment. Three student apartment complexes with 1000s of students have been built within a mile. Six parcels with a mile have been purchased for redevelopment in the last year. There are two curb cuts and over 500Ft of frontage on West Tennessee Street/US Highway 90.
Area Description: Commercial area of government institutions and student complexes.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,283 82,338 149,240
Median Age: 23.26 24.69 29.7
Households: 7,048 31,469 59,947
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