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    3926 Mahan Dr Tallahassee, FL 32308

    For Sale
    $995,000

    Prime 1.98-Acre Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.98-acre commercial land parcel presents a remarkable investment opportunity in Tallahassee, Florida. Located on the bustling Mahan Drive corridor, this property boasts a highly desirable location with exceptional visibility and accessibility. The site is strategically positioned within a thriving retail environment, surrounded by major national and local retailers such as Walmart, Costco, McDonald's, CMX Cinemas Fallschase, and Bass Pro Shops, ensuring high traffic volume and strong consumer presence. Daily traffic counts on Mahan Drive exceed 20,000 vehicles, providing unparalleled exposure for any commercial development. Adding to its appeal, the property sits directly across from a large multi-family complex housing over 300 units, creating a built-in customer base. Its proximity to the I-10 Interchange (less than 10 minutes away) further enhances its strategic value, providing easy access to major transportation routes. The property is zoned MCN, offering flexibility for a variety of commercial uses. The APN is 11-22-51 F-1916. This prime location and high traffic count make this 1.98-acre lot an ideal site for a wide range of commercial ventures. The asking price is $995,000. Don't miss this chance to secure a prominent position in one of Tallahassee's most dynamic commercial areas. The address is 3926 Mahan Dr, Tallahassee, FL 32308.

    Property Features for 3926 Mahan Dr

    General Information

    Property type
    Land
    Lot Size
    86,249 SF

    HighLights

    • 1.98‑acre commercial land parcel in Tallahassee, FL, on Mahan Drive.
    • High‑traffic location (20,000+ vehicles daily) with excellent visibility.
    • Thriving retail environment near Walmart, Costco, and other major retailers.
    • Adjacent to a multi‑family complex with over 300 units.
    • Less than 10 minutes from I‑10 Interchange.
    • MCN zoning allows for various commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.211174
    Latitude
    30.466666

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    FAQs

    What type of property is this?
    Land - Prime 1.98-Acre Commercial Lot
    Where is this land located?
    The property is located at 3926 Mahan Dr 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: 1.98-acre commercial land parcel in Tallahassee, FL, on Mahan Drive.; High-traffic location (20,000+ vehicles daily) with excellent visibility.; Thriving retail environment near Walmart, Costco, and other major retailers.
    Request Owner's contact information
    3926 Mahan Dr Tallahassee, FL 32308
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    Tallahassee, FL 32308
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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
    3926 Mahan Dr Tallahassee, FL 32308
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