Property profile

5052 Tennessee Capital Blvd Tallahassee, FL 32303

OFF-MARKET
Lifestyle centers
0.53 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents six commercial lots for sale in Northwest Tallahassee, Florida, situated on Tennessee Capital Blvd. The lots range in size from approximately 0.53 acres to 0.69 acres, and are zoned Activity Center, offering significant development potential. All lots are conveniently located near established retail centers, providing excellent visibility and accessibility. The property's strategic location offers easy access to Capital Circle NW and W. Tennessee Street, ensuring high traffic volume and exposure to a substantial customer base. The lots are available for purchase individually or as a portfolio. An additional six comparable lots are available across the street. Note that a separate, larger parcel of 3.58 acres is also available, and conceptual plans show the potential for 44 residential units on this larger parcel. This presents a unique opportunity to acquire a significant land holding in a thriving commercial area of Tallahassee, with potential for various retail developments or mixed-use projects. The property's location and zoning make it an attractive investment for developers seeking to capitalize on the growing demand for retail space in this dynamic area of the city. The asking price is $500,000. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Lifestyle centers
Lot 0.53 ac (23,087 SF)

Cap rate & NOI

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

Location

5052 Tennessee Capital Blvd Tallahassee, FL 32303
Tallahassee metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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