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2633 W Tennessee St 0.99 Acres of Commercial Land Offered at $950,000 in Tallahassee, FL 32304
INVESTMENT HIGHLIGHTS
- Located in a vibrant college town with three large colleges.
- 300 ft frontage on US Highway 90/West Tennessee Street.
- Dedicated Turn Lane on major highway.
- 4000 Student Beds within a 1/4 Mile.
- Two entries and exits.
- Traffic Count 41,500 vehicles per day.
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $950,000 | Lot Size | 0.99 AC |
| Price Per AC | $959,595.96 |
| Price | $950,000 |
| Price Per AC | $959,595.96 |
| Lot Size | 0.99 AC |
Flat, vacant acreage with sewer, water electric utility access. Three hundred feet of major road frontage. Two entries and exits. Dedicated turn lane across median. Zoned Commercial Parkway. Nearly an acre at .99 acres.
DESCRIPTION
Opportunity Zone! West Tennessee Street is a redevelopment hot-bed. Since 2021, this 2-mile stretch has has seen over fifteen properties purchased for redevelopment. Property sales have ranged from $600,000 for vacant acreage to $14 million dollars for a 2017-built multi-family student complex. This property, located in an Opportunity Zone, returns to the marketplace as a vacant parcel with permitted entitlements for a retail space and drive thru restaurant. The parcel is located within a quarter of mile from Tallahassee Community College with over fifteen thousand students, in an area with more than 4500 student beds with walking distance. There are 4 banks, 5 pharmacies, several new car dealerships, including Tesla and Kia and an Acura expansion along this corridor. It is ripe for redevelopment. There is one restaurant. FDOT Traffic Count: 41,500/day
CONTACTS
-
Colleen Castille -
John McNeill -
NAI TALCOR Commercial Real Estate Services, Inc.
Presented by
2633 W Tennessee St
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