Large 2 acre lot near FSU

Vacant Land for Sale
Catylist Listing ID: 30672498
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 2 Acres
Sale Price: $369,000
Unit Price: $184,500 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2021

Overview / Comments

Rare find of two acres within walking distance of the university, shopping, groceries, etc. Zoned OR-3 and can developed for up to 20 dwelling units per acre. Bring all offers. Seller is motivated. Most of the property is located behind and to the left of the house. There is a block brick structure near Godby HS fence hidden in foliage that was used as a warehouse.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2127200130000
Zoning: OR-3 OFFICE RESIDENTIAL
Property Located Between: Tharpe and Tennesee
Property Visibility: Fair
Legal Description: 27 1N 1W 2 A IN NE 1/4 OF NE 1/4
Largest Nearby Street: Tharpe
Site Description: L shaped lot with most of the acreage behind and to the left of the existing house. House is solid 1970 brick home in need of a new roof and many updates. Lot has small trees and dense ground cover but is level. Near the fence to Godby HS there is a former cinderblock warehouse. Existing structure needs a new roof and foliage removed.
Area Description: Area is mostly student housing complexes and businesses. There is a park and Church across the street and several multiple family housing structures along the same road.
Lot Frontage: Paved
Lot Depth: 440 feet
Zoning Description: Suburban on the Future Land Use Map of the Comprehensive Plan in areas where employment and residential uses are encouraged to locate in close proximity to each other. The provisions of this district are intended to promote urban density and intensity of residential and office uses and the mixing of permitted uses to promote the use of public transit and the efficient use of public infrastructure. Off-street parking facilities in the OR-3 district shall be located and designed to promote convenient access to pedestrian and mass transit facilities. A variety of housing types, compatible non-retail activities of moderate intensity, retail commercial activities (limited to the ground floor), and certain community and recreational facilities related to office or residential uses are permitted in the OR-3 district. The maximum gross density allowed for new residential development in the OR-3 district is 20 dwelling units per acre, while the minimum gross density allowed is 8 dwelling units per acre, unless constraints of concurrency or preservation and/or conservation features preclude the attainment of the minimum densities.
Topography: Level
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,533 96,222 167,852
Median Age: 25.43 26.88 30.33
Households: 9,749 38,887 69,876

Contact

Photograph of Listing Agent

Clay B. Ketcham

KETCHAM REALTY GROUP, INC TALrex.com Member
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