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Investment Highlights

  • Positioned on the last available commercial lot along Capital Circle NE between Highway 90 and Interstate 10.
  • Current zoning OR-3, with potential to rezone for CP or C-2, enabling versatile development options.
  • Strong visibility and traffic exposure ideal for retail, professional office, or service-oriented businesses.
  • Two adjoining parcels totaling 1.37 acres with combined frontage along a high-traffic corridor.
  • Immediate access to major transportation routes, including I-10 and U.S. Highway 90.

Executive Summary

This 1.37-acre commercial land offering represents a rare opportunity on Capital Circle Northeast in Tallahassee, positioned between Highway 90 and Interstate 10. It consists of two parcels with combined frontage along this major traffic corridor, ensuring maximum visibility for future development. The site is ideally suited for diverse commercial applications, including retail, office, medical, or mixed-use projects.
Currently zoned OR-3 (Office Residential), the parcels provide built-in flexibility with rezoning potential for CP or C-2 classifications, opening doors to a broader range of retail and commercial uses. The parcels can easily be combined through Unity of Title, allowing seamless integration for a single or multi-use development.
With Capital Circle NE serving as a critical arterial route connecting Tallahassee’s core to interstate systems, the property benefits from exceptional traffic counts and accessibility. Its central location, surrounding business districts, and proximity to major retail and population hubs make it a compelling choice for developers and investors seeking long-term growth within a thriving regional market.

Property Facts

Price $1,250,000
Sale Type Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Auto Repair
  • Bank
  • Daycare Center
  • Drugstore
  • Fast Food
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Industrial Park
  • Medical
  • Office Park
  • Restaurant
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 1.37 AC
No. Stories 1
Zoning 0R-3 - Office Residential

1 Lot Available

Lot

Price $1,250,000
Price Per AC $912,408.76
Lot Size 1.37 AC

ID: 1121204470000 & ID: 1121204160000

Description

The subject property comprises two parcels totaling 1.37 acres located on Capital Circle NE in Tallahassee, Florida. It lies between Highway 90 and Interstate 10 and has frontage along Capital Circle. The parcels are currently zoned OR-3 (Office Residential). Additional zoning flexibility is possible for CP or C-2. The site is within proximity to major transportation routes, business districts, and retail areas. Parcel IDs include 1121204470000 and 1121204160000.

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 11-21-20-416-000.0
  • 11-21-20-447-000.0
Land Assessment
$190,495
Improvements Assessment
$0
Total Assessment
$373,091
  • Listing ID: 35479510

  • Date on Market: 4/14/2025

  • Last Updated:

  • Address: 1755 Capital Cir NE, Tallahassee, FL 32308

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