Technical
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Property profile

0 Magnolia Dr Tallahassee, FL 32301

OFF-MARKET
Land
1.15 ac lot
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Property summary

AI-generated overview

This exceptional 1.15-acre commercial land parcel presents a compelling investment opportunity in Tallahassee, Florida. Strategically located on South Magnolia Drive, just north of Apalachee Parkway, this property boasts unparalleled visibility and accessibility. The site is directly across from major retailers including Best Buy, World Market, and Office Depot, ensuring high foot traffic and brand recognition. With daily traffic counts exceeding 22,000 vehicles on Magnolia Drive and over 31,000 and 23,400 on the east and west sides of Apalachee Parkway respectively, this location offers unmatched exposure for any commercial venture. The property is zoned Activity Center (AC), permitting a wide range of commercial uses, including car washes, retail establishments, office spaces, and hotels. Its proximity to a large shopping mall (less than one mile) and the State Capitol Complex (less than two miles) further enhances its desirability. The surrounding area features a diverse mix of businesses, from hotels and restaurants to professional offices and shops, creating a vibrant and thriving commercial environment. The APN is 11-31-20-445-0030. This is a rare opportunity to acquire a prime commercial lot in a high-demand location. The asking price is $495,000. This property is located in Leon County, Florida, with a Tallahassee zip code of 32301.

Property profile

Verified
Property type Land
Lot 1.15 ac (50,094 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Magnolia Dr Tallahassee, FL 32301
Tallahassee metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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