112 Tennessee St Tallahassee, FL 32301

Property Details for 112 Tennessee St

Lot size

2.00 lot acres

Property type

Residential income homes

Property subtype

Dormitories

Description

This exceptional 2-acre property, located in the heart of downtown Tallahassee, Florida, presents a unique investment opportunity. Situated on a full city block with prominent frontage on West Tennessee Street, West Virginia Street, North Duval Street, and North Adams Street, this strategically located parcel offers unparalleled access to the city's vibrant core. The property's CC zoning permits the development of up to 300 residential units, making it ideal for a variety of projects, including apartments, condominiums, or a hotel complex. Its central location, just four blocks from the Capitol Complex and two blocks from the Federal Courthouse, ensures high visibility and accessibility. Furthermore, its proximity to numerous amenities, including restaurants, shops, professional offices, and public transportation (including the city bus line), enhances its appeal. The property's location also benefits from its proximity to Florida State University, Florida A&M University, Cascades Park, and the SoMo District, providing access to a large and diverse population base. Recent studies highlight the need for additional housing and hotel units in downtown Tallahassee, making this a particularly attractive investment opportunity for developers seeking to capitalize on this growing demand. The property's two APNs are 21-36-40-197-3972 and 21-36-40-193-3970. The asking price is $6,000,000.