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    Mahan Dr Tallahassee, FL 32317

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    For Sale
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    19.4 Acres, 300+ Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19.4-acre land parcel presents a prime opportunity for multifamily development in Tallahassee, Florida. Located in the burgeoning Heel development, this site is strategically positioned for immediate success. The property boasts entitlements for up to 300 multifamily units, eliminating significant pre-development hurdles. Furthermore, off-site stormwater management is already allocated, and essential road infrastructure and utilities are stubbed to the property line, streamlining the construction process and minimizing upfront costs. This advantageous location places the development adjacent to a hotel, a planned grocery-anchored retail center, various retail pads, and directly at the entrance to a thriving 1,500-home master-planned community. The surrounding area also includes an additional 600 entitled multifamily units, 25+ acres of commercially zoned land, and a 100+ acre business park, ensuring a robust and growing community to support the development. This is a rare opportunity to acquire a fully entitled site with significant infrastructure already in place, poised for immediate development in a high-demand location. The property's address is Mahan Dr, Tallahassee, FL 32317, within Leon County. This site offers exceptional potential for a high-return multifamily investment.

    Property Features for 0 Mahan Dr

    General Information

    Property type
    Land
    Lot Size
    845,064 SF

    HighLights

    • 19.4‑acre multifamily development site in Tallahassee, FL, with entitlements for up to 300 units.
    • Off‑site stormwater management and utilities are in place, with road infrastructure stubbed to the property line.
    • Prime location at the entrance to a 1,500‑home master‑planned community, adjacent to retail and a hotel, and near 600 additional multifamily units, 25+ acres of commercial land, and a 100+ acre business park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.146660082329
    Latitude
    30.488356023276

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    FAQs

    What type of property is this?
    Land - 19.4 Acres, 300+ Unit Potential
    Where is this land located?
    The property is located at Mahan Dr Tallahassee, FL.
    What are key features of this property?
    This property features: 19.4-acre multifamily development site in Tallahassee, FL, with entitlements for up to 300 units.; Off-site stormwater management and utilities are in place, with road infrastructure stubbed to the property line.; Prime location at the entrance to a 1,500-home master-planned community, adjacent to retail and a hotel, and near 600 additional multifamily units, 25+ acres of commercial land, and a 100+ acre business park.
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    Mahan Dr Tallahassee, FL 32317
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    Tallahassee, FL 32317
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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
    Mahan Dr Tallahassee, FL 32317
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