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    7708 Tennessee St Tallahassee, FL 32304

    Sponsored
    For Sale
    $450,000

    Prime Commercial/Industrial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.23-acre lot, located at 7708 W Tennessee St, Tallahassee, FL 32304 (APN 22-25-20-062-0000), presents a unique investment opportunity. Currently zoned CP (Commercial Parkway), this property boasts significant potential for a variety of commercial or industrial uses, including warehouse, retail, or office space. The site enjoys excellent visibility and high traffic counts, with an average daily traffic (ADT) of 19,000 vehicles. Its strategic location on Highway 90 offers easy access, situated west of Downtown Tallahassee and less than a mile from Lake Talquin. The property includes an existing 2,522 square foot single-family residence with three bedrooms and two bathrooms. This existing structure could be repurposed, renovated, or removed to accommodate a new development, depending on the buyer's plans. The asking price for this versatile property is $450,000. This is a rare opportunity to acquire a sizable parcel of land in a desirable location with high traffic volume and diverse development possibilities. Serious inquiries are encouraged.

    Property Features for 7708 Tennessee St

    General Information

    Property type
    Land
    Lot Size
    53,579 SF

    HighLights

    • $450,000 asking price.
    • 1.23‑acre commercial/industrial land parcel.
    • Located at 7708 W Tennessee St, Tallahassee, FL 32304 (APN 22‑25‑20‑062‑0000).
    • CP zoning allows for warehouse, retail, or office use.
    • High visibility location on Hwy 90 with 19,000 ADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3912865
    Latitude
    30.462789

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Industrial Land, High Visibility
    Where is this land located?
    The property is located at 7708 Tennessee St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 1.23-acre commercial/industrial land parcel.; Located at 7708 W Tennessee St, Tallahassee, FL 32304 (APN 22-25-20-062-0000).
    Request Owner's contact information
    7708 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
    7708 Tennessee St Tallahassee, FL 32304
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