0 Macomb St & Saint Francis St Tallahassee, FL 32301
This exceptional 0.45-acre lot presents a unique investment opportunity in Tallahassee's vibrant All Saints Neighborhood (ASN-A zoning). Situated at the corner of South Macomb Street and Saint Francis Street, this property boasts a highly desirable location, offering unparalleled access to Florida State University, downtown Tallahassee, and Cascades Park. The strategic placement within the All Saints District ensures proximity to a substantial workforce, with approximately 33,000 employees within a one-mile radius and nearly 96,000 employees within a three-mile radius. The property's appeal is further enhanced by its proximity to approximately 10,000 beds within walking distance, creating a strong potential for various commercial and residential developments. The parcel is identified by APN 21-36-90-033-8775 and is zoned for both commercial and residential uses, providing flexibility for a wide range of development projects. The asking price for this prime piece of land is $625,000. This presents a rare chance to acquire a strategically located property in a thriving area with significant growth potential. Don't miss this opportunity to secure a foothold in one of Tallahassee's most sought-after neighborhoods.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.