For Sale $1,250,000
Property Type VacantLand
Property Size 5,267 SF
Units 18
Lot Size 0.99 Acre
Property Tenancy Multi-Tenant
Year Built 1952
Date Updated Mar 25, 2024

Opportunity Zone! Tallahassee's West Tennessee Street area is a redevelopment hot-bed. Since 2021, this 2-mile stretch has has turned over fifteen recently developed or redeveloped properties. Sales have ranged from $600,000 for vacant acre to a $14 million dollar, 2017-built, multi-family student complex. This property, located in an Opportunity Zone, returns to the marketplace during a dynamic redevelopment period in this student zone. The parcel is located within a quarter of mile of Tallahassee State College (new emphasis on 4 year degrees) with over fifteen thousand students, in an area with more than 4500 student-beds within walking distance. There are 4 banks, 5 pharmacies, several new car dealerships, including Tesla and Kia, as well as an Acura brand expansion along this corridor. It is ripe for redevelopment. There is one restaurant within a mile of this location. FDOT Traffic Count: 36,500/dayOpportunity Zone! West Tennessee Street is a redevelopment hot-bed. Since 2021, this 2-mile stretch has has turned over fifteen properties for development or redevelopment. Sales have ranged from $600,000 for vacant acre to a $14 million dollars 2017-built multi-family student complex. This property, located in an Opportunity Zone, returns to the marketplace during a dynamic redevelopment period in this student zone. 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 County 36,500/day

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Attachments

Cactus Motel Redevelopment Site (PDF) opens in new window

Highlights

OPPORTUNITY ZONE INVESTMENT LOCATION
Nearly an acre of land (.99)
Located in a vibrant college town with three large colleges
300 feet frontage on US Highway 90/West Tennessee Street
Redevelopment parcel - motel is obsolete
Traffic Count 36,500 vehicles per day

Contacts

Colleen Castille

NAI TALCOR

(850) 224-2300

Location

Getting Around

Walk Score ®
39/100 Car-Dependent
Transit Score ®
42/100 Some Transit
Bike Score ®
74/100 Very Bikeable

Map
Street

City Tallahassee, FL
Neighborhood Bloxham Terrace
Zip Code 32304
Market Tallahassee

Points of Interest

Arco

0.10 miles
Marathon

0.68 miles
Marathon

0.87 miles
Shell

0.91 miles
Petro

1.30 miles
Chevron

1.33 miles
Shell

1.43 miles
Texaco

1.56 miles
Exxon

1.60 miles
Marathon

1.67 miles

Stadium Green Lot

1.77 miles
Parking Garage #3

1.92 miles
Woodward Avenue Garage

2.27 miles
Pensacola Street Parking Garage

2.36 miles
Traditions Way Garage

2.41 miles
Lot 341

2.42 miles
FSU Commuter Parking

2.53 miles
Call Street Garage

2.85 miles
Palm Court Parking Lot

2.86 miles
Saint Augustine Street Garage

2.89 miles

Cactus Motel

0.01 miles
Budget Inn

1.82 miles
WoodSpring Suites

1.85 miles
Days Inn by WyndhamTallahassee University Center

1.88 miles
Holiday Inn Express Tallahassee-University Central

1.91 miles
Sleep Inn

2.20 miles
University Inn & Suites Tallahassee

2.58 miles
Hotel Indigo Tallahassee - Collegetown

2.60 miles
Holiday Inn & Suites Tallahassee Conference Center N

2.60 miles
Country Inn & Suites by Radisson, Tallahassee Northwest I-10

2.61 miles

Cancun's Bar and Grill

0.07 miles
Korean BBQ And More

0.08 miles
Hong Kong Buffet

0.09 miles
Halftime Pie Pub

0.48 miles
Food Court

0.63 miles
Moe's Southwest Grill

0.66 miles
3 Natives

0.66 miles
Which Wich?

0.66 miles
Wendy's

0.67 miles
Kings BBQ

0.67 miles

Lively Technical College

0.38 miles
English Building

0.41 miles
Academic Computer Center

0.42 miles
Science and Math Building

0.45 miles
Communications & Humanities

0.46 miles
Gretchen Everhart School

0.48 miles
Science Labs

0.49 miles
TCC Fine & Performing Arts Center

0.54 miles
Support Services

0.55 miles
Administrative Bldg

0.56 miles

Jolly Jo's

2.72 miles
Gingerbread Christian Academy

2.74 miles
Jacob's Ladder Childcare Center

3.25 miles
School For Young Children

3.41 miles
Kidz Academy

3.44 miles
Ann's Preschool and Kindergarten

3.62 miles
Trinity Catholic School

3.68 miles
A Little Heaven's ACad

3.93 miles
Ivy Hill Academy

4.21 miles
Magnolia Preschool

4.61 miles

Frequently Asked Questions

What is the lease rate for OPPORTUNITY ZONE REDEVELOPMENT SITE!?

Rental asking rate at OPPORTUNITY ZONE REDEVELOPMENT SITE! is $625,000.00/YR.

What is the total square footage of OPPORTUNITY ZONE REDEVELOPMENT SITE!?

OPPORTUNITY ZONE REDEVELOPMENT SITE! totals 5,267 square feet.

When was this property built?

OPPORTUNITY ZONE REDEVELOPMENT SITE! was built in 1952.

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