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674 Crossway Rd - Crossway Rd Land Sale - 8.02% 5.39 Acres of Commercial Land Offered at $1,100,000 in Tallahassee, FL 32305
INVESTMENT HIGHLIGHTS
- Prime Location: Adjacent to Wawa & Dollar General under construction — high visibility and traffic
- Strong Income: Total annual NOI of $88,341.00
- 3 Fully Leased Parcels
- Low Maintenance: Ground leases with no landlord liability for structures
EXECUTIVE SUMMARY
Premier Commercial Group is pleased to present a rare investment opportunity consisting of three ground-leased parcels totaling ±5.39 acres across two adjacent properties in Tallahassee, Florida. Strategically located along Crossway Road, these lots are positioned within a growing commercial corridor that already includes high-traffic developments such as a brand-new Wawa gas station and Dollar General.
Each parcel is income-producing with existing tenants on long-term ground leases, offering stable cash flow and minimal landlord responsibilities. Two parcels are located at 687 Crossway Rd, while the third sits across the street at 674 Crossway Rd.
This offering is ideal for investors seeking passive income and long-term upside in a rapidly developing trade area of Florida’s capital city.
3 Fully Leased Parcels:
674 Crossway Rd | $2,750.00/mo | Lease through 12/31/2027 | NOI: $33,200
687 Crossway Lot 1 | $3,496.75/mo | Lease through 1/31/2028 | NOI: $36,141
687 Crossway Lot 2 | $22,000 annual | Lease through 12/31/2027 | NOI: $22,000
Each parcel is income-producing with existing tenants on long-term ground leases, offering stable cash flow and minimal landlord responsibilities. Two parcels are located at 687 Crossway Rd, while the third sits across the street at 674 Crossway Rd.
This offering is ideal for investors seeking passive income and long-term upside in a rapidly developing trade area of Florida’s capital city.
3 Fully Leased Parcels:
674 Crossway Rd | $2,750.00/mo | Lease through 12/31/2027 | NOI: $33,200
687 Crossway Lot 1 | $3,496.75/mo | Lease through 1/31/2028 | NOI: $36,141
687 Crossway Lot 2 | $22,000 annual | Lease through 12/31/2027 | NOI: $22,000
PROPERTY FACTS
| Price | $1,100,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Industrial |
| No. Lots | 1 | Total Lot Size | 5.39 AC |
| Property Type | Land |
| Price | $1,100,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Industrial |
| Total Lot Size | 5.39 AC |
1 LOT AVAILABLE
Lot
| Price | $1,100,000 | Lot Size | 5.39 AC |
| Price Per AC | $204,081.63 |
| Price | $1,100,000 |
| Price Per AC | $204,081.63 |
| Lot Size | 5.39 AC |
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674 Crossway Rd - Crossway Rd Land Sale - 8.02%
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