Multifamily Development Land with
For Sale
$350,000
1612 Old Bainbridge Road, Tallahassee, FL 32303
Two multifamily lots zoned MR-1 include an on-site warehouse while approved apartment plans are finalized.
Property SizeContact for details
Days on Market338
Property Features for 1612 Old Bainbridge Road
General Information
Standard status
Active
Property subtype
Commercial Sale / Multi Family
Zoning
MR-1
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$851
Amenities
No, None
Other
Listing Agency:
American Real Estate Agency, I
(850) 533-6547
Listed By:
David Wesolowski · License #3218992
(850) 533-6547
Source:
Compass
Added: Sep 7, 2025
Changed: Aug 8
Last Checked: Mar 25 at 5:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Real Estate Agency, I
Investment Insights
Based on property information with market context.
This offering includes two multifamily lots for sale at 1612 and 1614 Old Bainbridge Road. The property is zoned MR-1 and is approved for a multifamily apartment building with up to 36 units, with a density bonus from the City of Tallahassee. The owner will potentially consider a build-to-suit approach.
All utilities are present at the site, including water, sewer, gas, and cable. An existing warehouse on the premises is available and could be used by a small business while building plans are finalized. The warehouse is approximately 30 by 50 feet.
For buyers looking for development land with an immediate on-site improvement, these parcels combine city approval for multifamily apartments with interim workspace capability as planning moves forward.
All utilities are present at the site, including water, sewer, gas, and cable. An existing warehouse on the premises is available and could be used by a small business while building plans are finalized. The warehouse is approximately 30 by 50 feet.
For buyers looking for development land with an immediate on-site improvement, these parcels combine city approval for multifamily apartments with interim workspace capability as planning moves forward.
Key Highlights
- Two multifamily lots for sale at 1612 & 1614 Old Bainbridge, zoned MR‑1
- Approved for multifamily apartment building with up to 36 units via a density bonus from the City of Tallahassee
- Owner may build to suit while building plans are finalized
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two multifamily lots zoned MR-1 include an on-site warehouse while approved apartment plans are finalized.
Where is this residential land & home lot located?
The property is located at 1612 Old Bainbridge Road Tallahassee, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two multifamily lots for sale at 1612 & 1614 Old Bainbridge, zoned MR‑1; Approved for multifamily apartment building with up to 36 units via a density bonus from the City of Tallahassee; Owner may build to suit while building plans are finalized
