0 Old Bainbridge Rd Tallahassee, FL 32303
This 0.89-acre industrial land parcel in Tallahassee, Florida, presents a unique opportunity for development. Located in Leon County, zip code 32303, at the address Old Bainbridge, this high and dry lot is ideally suited for construction. The asking price is $65,000. Zoning permits the construction of a duplex, making it an attractive investment for multifamily development. The property's flat terrain simplifies construction. An added advantage is the possibility of combining this lot with adjacent properties. Lot 6, also zoned for duplexes, is available for $130,000, creating nearly an acre of buildable space. Furthermore, the potential exists to acquire additional acreage (lots 2, 3, 4, and 5) totaling 1.69 acres for $720,000. This larger combined parcel offers approximately 275 feet of frontage on Capital Circle NW and 250 feet on Old Bainbridge. These additional lots have C-2 zoning vested under the old comprehensive plan, according to county records. The property's convenient location offers proximity to Oak Valley Publix, restaurants, and other businesses. This is an exceptional opportunity to build a duplex or a multifamily investment property in a desirable Tallahassee location. The latitude and longitude coordinates are 30.5009524 and -84.3377849 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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