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    2633 Tennessee St Tallahassee, FL 32304

    Sponsored
    For Sale
    $995,000

    Prime Retail Land, High Traffic

    Property size:
    5,267 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a 0.99-acre parcel located at 2633 West Tennessee Street in Tallahassee, Florida, 32304. The property boasts 5,267 square feet across three, single-story buildings, currently configured as an 18-unit motel, built in 1952. The site benefits from a highly desirable Commercial Parkway zoning designation, allowing for a wide range of development possibilities. Situated in a thriving student zone, less than a quarter-mile from Tallahassee Community College (over 15,000 students) and within walking distance of over 4,500 student housing beds, this location offers unparalleled access to a large and consistent consumer base. The property enjoys significant frontage (300 feet) on US Highway 90/West Tennessee Street, a major thoroughfare with a daily traffic count of 41,500 vehicles. The surrounding area is experiencing rapid redevelopment, with numerous recent projects including new car dealerships (Tesla, Kia, Acura expansion), banks, pharmacies, and other retail establishments. This property is fully permitted for drive-thru and retail space, making it an ideal investment for developers seeking to capitalize on the area's growth and high traffic volume. The asking price is $995,000. This is a rare chance to acquire a prime redevelopment site in a dynamic and rapidly evolving market. The property is classified as Class D and is designated as an Opportunity Zone.

    Property Features for 2633 Tennessee St

    General Information

    Property type
    Land
    Square Feet
    5,267 SF
    Class
    D
    Lot Size
    43,124 SF

    Building Details

    Year Built
    1952
    Buildings
    3
    Stories
    1
    Units
    18

    HighLights

    • Fully permitted for drive‑thru and retail space.
    • 0.99‑acre parcel.
    • Prime location in Tallahassee, FL, near Tallahassee Community College and significant student housing.
    • 300 feet of frontage on US Highway 90/West Tennessee Street, with 41,500 vehicles per day.
    • Redevelopment opportunity; existing 18‑unit motel is obsolete.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cactus Motel Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.33581983
    Latitude
    30.45180714

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Traffic
    Where is this land located?
    The property is located at 2633 Tennessee St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Fully permitted for drive-thru and retail space.; 0.99-acre parcel.; Prime location in Tallahassee, FL, near Tallahassee Community College and significant student housing.
    Request Owner's contact information
    2633 Tennessee St 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
    2633 Tennessee St Tallahassee, FL 32304
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