0 Alabama St Tallahassee, FL 32304
This exceptional 1.38-acre parcel presents a unique investment opportunity in Tallahassee, Florida. Located in the Griffin Heights neighborhood, this land boasts NB-1 zoning, allowing for a diverse range of development options. The permitted uses include single-family, multi-family residential construction, as well as various commercial ventures such as daycare centers, laundromats, or even banks. Its strategic location offers unparalleled convenience, situated less than half a mile west of Old Bainbridge Road. This prime location provides easy access to a wealth of amenities, including schools, shopping centers, grocery stores, and an array of restaurants. The property's address is on Alabama Street, Tallahassee, FL 32304 (APN: 21-26-64 N-0010), offering excellent visibility and accessibility. The 24 available lots provide flexibility for developers seeking to create a thriving residential community or a mixed-use development catering to the area's needs. This versatile property is ideally positioned to capitalize on the growing demand for both residential and commercial spaces in this desirable Tallahassee neighborhood. The property's central location and flexible zoning make it an attractive proposition for investors seeking a high-return investment with significant development potential. This is a rare opportunity to acquire a substantial land parcel in a thriving area of Tallahassee.
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.
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.