Property profile

1706 Tennessee St Tallahassee, FL 32304

OFF-MARKET
Land
0.61 ac lot
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Property summary

AI-generated overview

This 0.61-acre commercial land parcel, located at 1706 W Tennessee St, Tallahassee, FL 32304 (APN: 21-26-20-633-000.0 | Block-633), presents a unique ground lease opportunity. Situated in Leon County, this Fee Simple property is zoned CU-45 and enjoys exceptional visibility on a high-traffic corridor near Florida State University. With over 50,000 average daily vehicles passing by, this location offers unparalleled exposure for businesses seeking to capitalize on the substantial student population (over 40,000 students, faculty, and staff). The property's proximity to FSU and its surrounding residential areas, coupled with its adjacency to established businesses, creates a synergistic environment ideal for a variety of uses, including restaurants, cafes, retail stores, and service providers. The flexible ground lease terms provide a cost-effective solution for businesses looking to build and customize their space. This prime location offers easy access to major roadways and public transportation, further enhancing its appeal. Consider this exceptional opportunity to establish or expand your business in a thriving, high-demand area. The property is near other popular restaurants and retailers, creating a vibrant commercial hub. This is a rare chance to secure a location in one of Tallahassee's most sought-after commercial areas.

Property profile

Verified
Property type Land
Lot 0.61 ac (26,572 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store

Location

1706 Tennessee St Tallahassee, FL 32304
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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