For Sale $400,000
Property Type VacantLand
Lot Size 0.23 Acre
Date Updated May 1, 2024
Website www.coldwellbanker.com

SALE OPTIONS: 1. $400,000 Land ONLY 2. $650,000 Land with Approved City of Tallahassee Type B Site Plan Entitlement & Custom Apartment Building design & Drawings - LAND WITH APPROVED SITE PLAN ENTITLEMENT & DESIGN + DRAWINGS "St. Francis Street Flats” which includes a 3 story Apartment Building. The Apartment Design includes 6 units / 15 bedroom / bath suites, 14 secure off street parking spaces and 1 handicap accessible space with additional on street parking available. Based on leasing rates and history in the area we estimate a $20,000 + -monthly income at 100% occupancy with $18,600 per month rental income ($14,400 per month from 12 studio suites with bathrooms, kitchenettes and living areas + common areas and $4,200 from (3) 1-bedroom apartments.) + $1,400 per month from leasing parking spaces. The following have been submitted and approved: TYPE B SITE PLAN DOCUMENTS & SITE DEVELOPMENT PERMIT Environmental Conditions : A Natural Features Inventory Exemption Land Use Compliance Certificate (LUCC) Concurrency Waiver The previous residential rental property building has been demolished. The front of the property faces St. Francis Street. The lot is 66’ x 170’ (less a 6’ x 75’ area in the northeast portion of the lot). The total site area is 10,877 sf (.25 acre). The parking area is located on the rear portion of the lot and is accessed by 2 alleys that connect to St Michael Street (east side of block). There is an existing Cross Use Access Easement with the adjacent east properties for shared use of the alleys. The proposed building includes 8,000 htd. / cooled sq. ft. The estimated construction cost (including site work) is $1.75 million.

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Highlights

Lot Size: Under 1/2 Acre
2 sale options: 1. $400,000 land only 2. $650,000 land + Approved site plan Entitlement, Design & Drawings

Contacts

Lawrence Hartung

Coldwell Banker Hartung

(850) 980-4007

Location

Getting Around

Walk Score ®
85/100 Very Walkable
Transit Score ®
51/100 Good Transit
Bike Score ®
80/100 Very Bikeable

Map
Street

City Tallahassee, FL
Neighborhood Downtown Tallahassee
Zip Code 32301
Market Tallahassee

Points of Interest

Shell

0.18 miles
Sunoco

0.20 miles
Clipper Creek

0.29 miles
Sunoco

0.50 miles
SemaConnect

0.61 miles
ChargePoint

0.68 miles
Tesla Supercharger

0.74 miles
ChargePoint

0.75 miles
ChargePoint

0.81 miles
Chevron

0.90 miles

Saint Augustine Street Garage

0.31 miles
Kleman Plaza Parking Garage

0.38 miles
Palm Court Parking Lot

0.61 miles
FSU Commuter Parking

0.63 miles
Call Street Garage

0.67 miles
Lot 341

0.74 miles
Traditions Way Garage

0.79 miles
Pensacola Street Parking Garage

0.81 miles
Woodward Avenue Garage

1.00 miles
Newman Lot

1.12 miles

Hampton

0.22 miles
Residence Inn by Marriott Tallahassee Universities at the Capitol

0.23 miles
Hyatt House

0.26 miles
The Governors Inn

0.50 miles
AC Hotel Tallahassee Universities at the Capitol

0.51 miles
DoubleTree by Hilton Hotel Tallahassee

0.57 miles
Hotel Indigo Tallahassee - Collegetown

0.59 miles
The Park Avenue Inn

0.69 miles
Aloft W Hotels Tallahassee Downtown

0.72 miles
Aloft Tallahassee Downtown

0.73 miles

Sugar Rush

0.05 miles
Voodoo Dog

0.09 miles
Nefetari's Fine Cuisine and Spirits

0.12 miles
The Iron Daisy

0.13 miles
The Wilbury

0.14 miles
The Bark

0.14 miles
Roboto Tokyo Grill

0.16 miles
Gaines Street Pies

0.22 miles
The Crum Box Gastgarden

0.28 miles
Smoothie Tower

0.34 miles

Plaza Tower Condos

0.35 miles
TCC Center for Innovation

0.36 miles
Stadium Center: The Deck

0.38 miles
Criminology and Criminal Justice Building

0.54 miles
Flagler College

0.61 miles
Florida Agricultural and Mechanical University

0.65 miles
Kingdom Life Tabernacle Preparatory Academy

0.79 miles
C. K. Steele - Leroy Collins Community Charter Middle School

0.82 miles
Florida State University

0.87 miles
Leon High School

1.07 miles

A Little Heaven's ACad

1.00 miles
Kidz Academy

1.06 miles
School For Young Children

1.09 miles
Trinity Catholic School

1.23 miles
Jacob's Ladder Childcare Center

1.34 miles
Ivy Hill Academy

1.48 miles
Magnolia Preschool

1.51 miles
Jolly Jo's

1.93 miles
Ann's Preschool and Kindergarten

2.08 miles
Little Lambs Preschool

2.17 miles

Frequently Asked Questions

What is the lease rate for 0.23 Ac Multi-Family Vacant Lot?

Rental asking rate at 0.23 Ac Multi-Family Vacant Lot is $200,000.00/YR.

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