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5485 Commonwealth Blvd, Tallahassee, FL 32304

Unimproved land near I-10, suitable for light industrial development.

Property SizeContact for details
Days on Market1348

Property Features for 5485 Commonwealth Blvd

General Information

Standard status Active
Property subtype Land
Zoning Light Industrial Leon County
Listing Agency: Meyer Development
Listed By: Heather Richmond · License #FL
Source: Crexi
Added: Feb 13, 2023 Changed: Oct 7 Last Checked: Oct 23 at 4:50AM

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 Meyer Development

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Investment Insights

Based on property information with market context.

This unimproved land is located in close proximity to I-10, making it suitable for light industrial development. The site is situated directly across from a LOWES Home Improvement Center on Commonwealth Boulevard. The M-1 zoning allows for flex-space, office, storage, warehouse, distribution, and other uses. Utilities are located near the site for connections. Commonwealth Boulevard and Capital Circle NW form a signalized intersection immediately south of I-10. The land is part of the Hopkins Crossing approved PUD. Environmental permitting would be required before development can commence, and the actual buildable acreage will be determined by the completion of wetland assessments.

Key Highlights

  • Close proximity to I‑10 for light industrial development.
  • M‑1 zoning allows for flex‑space, office, storage, warehouse, distribution & other uses.
  • Located directly across from LOWES Home Improvement Center on Commonwealth Boulevard.

Property Analytics

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Open Analytics

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

385
Businesses Nearby

Demographics for 32304, FL

50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - Unimproved land near I-10, suitable for light industrial development.
Where is this industrial land located?
The property is located at 5485 Commonwealth Blvd Tallahassee, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Close proximity to I‑10 for light industrial development.; M‑1 zoning allows for flex‑space, office, storage, warehouse, distribution & other uses.; Located directly across from LOWES Home Improvement Center on Commonwealth Boulevard.
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