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    Macomb St & Saint Francis St Tallahassee, FL 32301

    For Sale
    $625,000

    0.45-acre commercial/residential lot. Excellent location & high demand.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.45-acre lot presents a unique investment opportunity in Tallahassee's vibrant All Saints Neighborhood (ASN-A zoning). Situated at the corner of South Macomb Street and Saint Francis Street, this property boasts a highly desirable location, offering unparalleled access to Florida State University, downtown Tallahassee, and Cascades Park. The strategic placement within the All Saints District ensures proximity to a substantial workforce, with approximately 33,000 employees within a one-mile radius and nearly 96,000 employees within a three-mile radius. The property's appeal is further enhanced by its proximity to approximately 10,000 beds within walking distance, creating a strong potential for various commercial and residential developments. The parcel is identified by APN 21-36-90-033-8775 and is zoned for both commercial and residential uses, providing flexibility for a wide range of development projects. The asking price for this prime piece of land is $625,000. This presents a rare chance to acquire a strategically located property in a thriving area with significant growth potential. Don't miss this opportunity to secure a foothold in one of Tallahassee's most sought-after neighborhoods.

    Property Features for 0 Macomb St & Saint Francis St

    General Information

    Property type
    Land
    Lot Size
    19,602 SF

    HighLights

    • High‑profile corner location at S Macomb St & Saint Francis St in the All Saints District.
    • Excellent proximity to Florida State University, downtown Tallahassee, and Cascades Park.
    • Strong employment base: ~33,000 employees within 1 mile.
    • Extensive workforce: ~96,000 employees within a 3‑mile radius.
    • High density of student housing: ~10,000 beds within walking distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2885854
    Latitude
    30.4344281

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    FAQs

    What type of property is this?
    Land - 0.45-acre commercial/residential lot. Excellent location & high demand.
    Where is this land located?
    The property is located at Macomb St & Saint Francis St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: High-profile corner location at S Macomb St & Saint Francis St in the All Saints District.; Excellent proximity to Florida State University, downtown Tallahassee, and Cascades Park.; Strong employment base: ~33,000 employees within 1 mile.
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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
    Macomb St & Saint Francis St Tallahassee, FL 32301
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