0 Xx Mahan Dr Tallahassee, FL 32308
This exceptional 6.535-acre (±) parcel is situated along the bustling Mahan Corridor in Northeast Tallahassee, Florida. Representing one of the last sizable tracts available for development, this property offers significant potential for commercial and mixed-use projects. The MCN/RP-1 zoning permits a variety of development options. Its strategic location places it amidst a thriving retail landscape, directly across from a large multi-family complex boasting over 300 units. Nearby national and local retailers include Walmart, Costco, McDonald's, CMX Cinemas, and Bass Pro Shops, ensuring high visibility and accessibility. The property boasts convenient access points, including right-in, right-out, left-in capabilities, and a signalized intersection. With an average daily traffic count of 30,142 vehicles, this location offers unparalleled exposure. City water and sanitary sewer are readily available, and the land features favorable topography. The property's APN is 11-22-51 G-2080, 11-22-51 G-2090, and 11-22-51 F-1916. The asking price is $2,745,000. This is a rare opportunity to acquire a premier development site in a high-growth 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
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Risks
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