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    6034 Tennessee St Tallahassee, FL 32304

    For Sale
    $950,000

    13.43 Acres, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 13.43-acre commercial land parcel in Tallahassee, Florida, presents a unique development opportunity. Located just one mile west of Capital Circle and less than two miles from the future 123,000 square foot Amazon facility ("Project Cypress"), this property boasts significant frontage on West Tennessee Street (Highway 90), with approximately 280 feet of road exposure and a daily traffic count of 24,500 vehicles. The rear portion of the property (approximately 11.93 acres) is undergoing rezoning to OR-2, allowing for high-density multi-family development (up to 16 units per acre), along with motels and office spaces. The front portion (approximately 1.5 acres) is currently zoned CP (Commercial Parkway), suitable for most retail uses. This strategic location, combined with the potential for both multi-family housing and commercial development, makes this a compelling investment. The asking price of $950,000 allows developers to capitalize on the high-density zoning in the rear, creating much-needed housing near the Amazon facility, while simultaneously developing or reselling the commercial outparcel in the front to recoup a significant portion of the initial investment. The property's zoning flexibility and proximity to major transportation routes and a significant employer make it an attractive proposition for investors seeking strong returns. The Leon County location and 32304 zip code further enhance its appeal.

    Property Features for 6034 Tennessee St

    General Information

    Property type
    Land
    Lot Size
    585,011 SF

    HighLights

    • 13.43‑acre commercial land parcel in Tallahassee, FL, offering multi‑family and commercial development potential.
    • Less than two miles from a future 123,000 sq ft Amazon facility.
    • Rear 11.93 acres rezoning to OR‑2, allowing up to 16 units per acre multi‑family development.
    • One mile west of Capital Circle.
    • Approximately 280 feet of frontage on West Tennessee Street (Highway 90), with 24,500 vehicles daily traffic count.
    • Opportunity to re‑sell the 1.5‑acre commercially zoned outparcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southeast Portable Buildings Portable Building Manufacturer peavy construction co. Construction Company

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3754588
    Latitude
    30.4568385

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    FAQs

    What type of property is this?
    Land - 13.43 Acres, High-Density Potential
    Where is this land located?
    The property is located at 6034 Tennessee St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 13.43-acre commercial land parcel in Tallahassee, FL, offering multi-family and commercial development potential.; Less than two miles from a future 123,000 sq ft Amazon facility.; Rear 11.93 acres rezoning to OR-2, allowing up to 16 units per acre multi-family development.
    (850) 900-8822
    Request Owner's contact information
    6034 Tennessee St Tallahassee, FL 32304
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    Tallahassee, FL 32304
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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
    6034 Tennessee St Tallahassee, FL 32304
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