2218 Mahan Dr Tallahassee, FL 32308
This exceptional 1.28-acre commercial lot, located at 2218 Mahan Drive in Tallahassee, Florida (APN: 11-28-20-622-0000), presents a remarkable development opportunity. Currently zoned OR-3, the property boasts an existing 2,600 square foot office building with an attached duplex apartment. The strategic location offers unparalleled visibility and accessibility, situated on Mahan Drive, just west of Capital Circle NE, and approximately 2.5 miles from Magnolia Drive. Benefit from a high traffic count of 27,000 AADT and a convenient median cut for easy access. This prime location places the property in close proximity to major medical facilities, including Eastwood Medical Plaza, and numerous shopping and dining options. The versatility of this site lends itself to a wide range of commercial uses, including but not limited to medical or professional offices, veterinary clinics, daycare facilities, banks, or hotels. Note that an additional 1.49-acre lot is also available for purchase separately. This property represents a significant investment opportunity in a thriving Tallahassee commercial corridor. The asking price for this 1.28-acre parcel is $725,000.
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Styles of Elegance Salon & Spa Hair Salon Nail Salon
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.