Appalachee Pkwy Tallahassee, FL 32311
This exceptional 10.12-acre parcel located on Appalachee Parkway in Tallahassee, Florida, presents a unique investment opportunity. Currently zoned for commercial use with multi-family residential development above, this property offers significant flexibility for future development. Detailed conceptual plans are available, outlining two distinct possibilities. The first envisions a substantial 7,200 square-foot commercial building, complete with 21 parking spaces, perfectly suited for a variety of businesses. Alternatively, the property could be rezoned for residential use, divided into two separate lots. One lot encompasses over six acres, while the other comprises over four acres, providing ample space for substantial residential projects. The expansive size of the land, coupled with its prime location on Appalachee Parkway, ensures high visibility and accessibility. The existing commercial zoning provides immediate development potential, while the possibility of residential rezoning opens up a wider range of development options. This property is ideal for developers seeking a versatile site with significant upside potential in a thriving Tallahassee market. The total square footage of the land is 440,784 square feet. Detailed conceptual plans for both commercial and residential development are available upon request. This is a rare opportunity to acquire a large, strategically located parcel with significant development potential. Don't miss out on this chance to shape the future of this prime Tallahassee location.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.