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Industrial Land Near I-10
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5489 Commonwealth Blvd, Tallahassee, FL 32304

Leon County zoning supports light industrial development, with nearby utilities and environmental review required before site work.

Property SizeContact for details
Days on Market1582

Property Features for 5489 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: Jun 22, 2022 Changed: Oct 7 Last Checked: Oct 19 at 5:56AM

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 industrial land comprises approximately 28 acres in an irregular configuration. The parcel is zoned and approved in Leon County for light industrial applications, including flex-space, office, storage, warehousing, and distribution center development. The amount of buildable acreage has not been established because wetlands may be present, and environmental permitting would be required before development. Utilities are located close to the site for connection planning.

The property is near I-10 at Tallahassee Exit 196 and is accessed from Capital Circle NW. It lies within the 300-acre Hopkins Crossing PUD, where deed and development restrictions apply. Additional acreage within the PUD may be available for future development, although that land is not currently zoned.

Key Highlights

  • Approximately 28 acres of unimproved industrial land
  • Leon County zoning and approval for light industrial uses
  • Near I‑10 at Tallahassee EXIT 196, off Capital Circle NW

Property 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

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 - Leon County zoning supports light industrial development, with nearby utilities and environmental review required before site work.
Where is this industrial land located?
The property is located at 5489 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: Approximately 28 acres of unimproved industrial land; Leon County zoning and approval for light industrial uses; Near I‑10 at Tallahassee EXIT 196, off Capital Circle NW
More about this property
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