0 Alexis Ct Tallahassee, FL 32308
This exceptional 5.26-acre development site in Tallahassee, Florida, presents a remarkable opportunity for residential construction. Located on Alexis Ct, in Leon County (APN: 112251 I2300), this property boasts R-3 zoning, already approved for the construction of a 40-unit townhome community. The site plan includes 20' x 45' build pads for each unit, providing ample space for comfortable and modern townhome designs. The asking price is $825,000. This prime location in the 32308 zip code offers convenient access to Tallahassee's amenities and attractions. The substantial lot size and pre-approved zoning significantly reduce development hurdles, making this an attractive investment for builders and developers seeking a streamlined path to creating a thriving residential community. Detailed site plans are available upon request. This is a rare opportunity to acquire a fully permitted and ready-to-develop residential land parcel in a desirable Tallahassee location. Don't miss out on this chance to capitalize on the strong demand for housing in this growing area. Contact us today to learn more.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.