Property profile

0 Orange Ave & Springhill Rd Tallahassee, FL 32310

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 2.5-acre commercial and residential land parcel presents a remarkable investment opportunity in Tallahassee, Florida. Strategically situated at the signalized intersection of Orange Avenue and Springhill Road, this property boasts a daily traffic count of 11,919 vehicles. Its location south of Florida State University and west of Florida A&M University ensures high visibility and accessibility. The property is zoned M-1, offering flexibility for various development projects. Existing utility connections simplify the development process. Furthermore, this site benefits from the HUB Zone designation, providing access to economic incentives. Blueprint 2000, a significant infrastructure improvement plan, has allocated over $60 million for road improvements in the area, promising enhanced accessibility and property value appreciation. The asking price is $950,000. The property's APN is 4111206980000. The seller is willing to accommodate a rezoning process if needed by the buyer. This is a rare opportunity to acquire a prime piece of land in a rapidly growing area with substantial development potential.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

Orange Ave & Springhill Rd Tallahassee, FL 32310
Tallahassee metro
Google Maps

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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