Property summary
This exceptional redevelopment opportunity presents a 0.99-acre parcel located at 2633 West Tennessee Street in Tallahassee, Florida, 32304. The property boasts 5,267 square feet across three, single-story buildings, currently configured as an 18-unit motel, built in 1952. The site benefits from a highly desirable Commercial Parkway zoning designation, allowing for a wide range of development possibilities. Situated in a thriving student zone, less than a quarter-mile from Tallahassee Community College (over 15,000 students) and within walking distance of over 4,500 student housing beds, this location offers unparalleled access to a large and consistent consumer base. The property enjoys significant frontage (300 feet) on US Highway 90/West Tennessee Street, a major thoroughfare with a daily traffic count of 41,500 vehicles. The surrounding area is experiencing rapid redevelopment, with numerous recent projects including new car dealerships (Tesla, Kia, Acura expansion), banks, pharmacies, and other retail establishments. This property is fully permitted for drive-thru and retail space, making it an ideal investment for developers seeking to capitalize on the area's growth and high traffic volume. The asking price is $995,000. This is a rare chance to acquire a prime redevelopment site in a dynamic and rapidly evolving market. The property is classified as Class D and is designated as an Opportunity Zone.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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