Property profile

0 Alabama St Tallahassee, FL 32304

OFF-MARKET
Land
1.38 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.38 ac (60,113 SF)

Cap rate & NOI

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

Location

Alabama St Tallahassee, FL 32304
Tallahassee metro
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Value estimations

Realmo proprietary · 4 methods
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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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