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    116 S Gadsden St Tallahassee, FL 32301

    Source: https://www.saltercompany.com
    For Sale
    $160,000

    Cleared lot, prime downtown location, development ready.

    Property size:
    3,284 SF

    Description

    Added:
    Feb 17, 2025
    Days on Market:
    297
    This exceptional 0.08-acre lot presents a rare development opportunity in the heart of Tallahassee's vibrant downtown. Located at 116 S Gadsden St, Tallahassee, FL 32301, this cleared and ready-to-build site boasts approximate dimensions of 38 feet by 87 feet. The previous structure has been demolished, eliminating any demolition costs for the buyer. Its prime location offers tremendous exposure along Gadsden Street and is within easy walking distance of the numerous retail and commercial establishments along Monroe Street. The property is zoned Central Core, providing flexibility for a variety of development options, including residential or small office buildings. This makes it an ideal investment for developers seeking a high-visibility location in a thriving urban environment. The lot's size, location, and zoning regulations combine to create a unique opportunity for a high-return investment. Given its central location and the current market demand, this property is poised for significant appreciation. Serious inquiries are encouraged. The asking price is $160,000.

    Property Features for 116 S Gadsden St

    General Information

    Property type
    Other land
    Square Feet
    3,284 SF
    Price / Square Foot
    $48
    Elevators
    N/A
    Lot Size
    3,485 SF

    HighLights

    • Cleared 0.08‑acre lot ready for development in downtown Tallahassee.
    • Prime location with high visibility on Gadsden Street, near Monroe Street's retail.
    • Central Core zoning allows diverse development options, including residential or office.
    Insight Report Location Intelligence

    Current Use by Public Records

    Pro Towing and Roadside ... Towing Service SR22 Insurance Insurance Broker

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    State
    Florida
    Longitude
    -84.278551
    Latitude
    30.441237

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    FAQs

    What type of property is this?
    Land - Cleared lot, prime downtown location, development ready.
    Where is this land located?
    The property is located at 116 S Gadsden St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Cleared 0.08-acre lot ready for development in downtown Tallahassee.; Prime location with high visibility on Gadsden Street, near Monroe Street's retail.; Central Core zoning allows diverse development options, including residential or office.
    (850) 477-7044
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    116 S Gadsden St Tallahassee, FL 32301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 S Gadsden St Tallahassee, FL 32301
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