Prime Redevelopment Site

Special Purpose for Sale
Catylist Listing ID: 30605182
Building Size (RSF): 72,000 SF
Gross Building Area: See Agent
Sale Price: $4,200,000
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/27/2020

Overview / Comments

The area is prime for redevelopment. Each of the adjacent corners have been redeveloped recently with Major National Franchises moving in. There is a new hotel under construction nearby.

3.38 Acres
Commercial Parkway Zoning
Currently Days Inn Flag Hotel
180 Keys (80 rooms active)
Income availability during permitting
Frontage on both Apalachee Pkwy and Capital Circle SE - city's second busiest intersection
Traffic Count: Capital Circle: 39,500/Day
Traffic Count Apalachee Pkwy: 32,500/Day

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 3103202060000
Zoning: CP COMMERCIAL PARKWAY
Property Located Between: Apalachee Parkway & Capital Circle SE
Property Visibility: Excellent
Largest Nearby Street: Apalachee Parkway
Year Built: 1974
Year Renovated: 2013

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,674 50,606 131,010
Median Age: 30.79 32.78 32.87
Households: 4,270 23,221 53,164
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