Rare FSU Development Opportunity

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30637559
Status: Pending
Building Size (RSF): 22,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.73 Acres
Sale Price: $1,825,000
Unit Price: $81.11 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: University Inn & Suites
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Located adjacent to current FSU business school and near the new Student Union under construction, this rare land opportunity currently operates an an independent hotel but structure and land would go with new ownership for re-development, re-designation to another use or "as-is" as hospitality.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2136500576870
Zoning: UT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,317 107,595 172,488
Median Age: 25.03 27.54 30.32
Households: 7,061 43,726 71,632

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