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    OFF-MARKET
    Land

    0 Mahan Dr, Tallahassee, FL 32317

    19.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 19.4-acre land parcel presents a prime opportunity for multifamily development in Tallahassee, Florida. Located in the burgeoning Heel development, this site is strategically positioned for immediate success. The property boasts entitlements for up to 300 multifamily units, eliminating significant pre-development hurdles. Furthermore, off-site stormwater management is already allocated, and essential road infrastructure and utilities are stubbed to the property line, streamlining the construction process and minimizing upfront costs. This advantageous location places the development adjacent to a hotel, a planned grocery-anchored retail center, various retail pads, and directly at the entrance to a thriving 1,500-home master-planned community. The surrounding area also includes an additional 600 entitled multifamily units, 25+ acres of commercially zoned land, and a 100+ acre business park, ensuring a robust and growing community to support the development. This is a rare opportunity to acquire a fully entitled site with significant infrastructure already in place, poised for immediate development in a high-demand location. The property's address is Mahan Dr, Tallahassee, FL 32317, within Leon County. This site offers exceptional potential for a high-return multifamily investment.

    Property profile
    Verified
    Property type Land
    Lot 19.4 ac (845,064 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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