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    2020 Apalachee Pkwy Tallahassee, FL 32301

    For Sale
    $3,300,000

    Prime Tallahassee location, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.73-acre commercial land parcel, located at 2020 Apalachee Pkwy in Tallahassee, Florida (zip code 32301, APN 31-05-20-002-0000), presents a compelling redevelopment opportunity. Previously permitted for a car wash, the property is now available for purchase at an asking price of $3,300,000. The site boasts a highly desirable location within Leon County, surrounded by a robust mix of established businesses and high-traffic areas. Nearby retailers include Target, Starbucks, West Marine, Rack Room Shoes, Kohl's, Governor's Mall, Best Western, Florida Blue, Wendy's, and BJ's Restaurant, ensuring high visibility and accessibility for any future development. The property is zoned CP, offering flexibility for a variety of commercial uses. Detailed access point information is available upon request. This prime location and substantial lot size make this an exceptional investment opportunity for developers seeking a high-impact project in a thriving Tallahassee market. The property's strategic placement within a well-established commercial corridor promises significant return on investment. Don't miss this chance to acquire a significant piece of Tallahassee's commercial landscape.

    Property Features for 2020 Apalachee Pkwy

    General Information

    Property type
    Land
    Lot Size
    118,919 SF

    HighLights

    • $3,300,000 asking price.
    • 2.73‑acre commercial land parcel.
    • Located at 2020 Apalachee Pkwy, Tallahassee, FL 32301 (APN: 31‑05‑20‑002‑0000).
    • CP zoning.
    • Excellent redevelopment opportunity near major retailers including Target, Starbucks, and Kohl's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quality Inn & Suites Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.24653
    Latitude
    30.4315649

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    FAQs

    What type of property is this?
    Land - Prime Tallahassee location, redevelopment opportunity.
    Where is this land located?
    The property is located at 2020 Apalachee Pkwy Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: $3,300,000 asking price.; 2.73-acre commercial land parcel.; Located at 2020 Apalachee Pkwy, Tallahassee, FL 32301 (APN: 31-05-20-002-0000).
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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
    2020 Apalachee Pkwy Tallahassee, FL 32301
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