0 Magnolia Dr Tallahassee, FL 32301
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.
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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