5500 Commonwealth Blvd Tallahassee, FL 32303

Property Details for 5500 Commonwealth Blvd

Year built

2001

Construction

FRAME

Lot size

17.29 lot acres

Property size

135,272 SF

Property type

Outlet malls

APN

21-19-35-000-005-0

APU

2119350000050

Description

This exceptional commercial land parcel, located at 5500 Commonwealth Blvd in Northwest Tallahassee, Florida (zip code 32303), presents a unique investment opportunity. The property boasts a flexible lot size ranging from 1.23 to 1.87 acres, offering significant development potential. Its strategic location provides immediate proximity to Interstate 10, the region's primary east-west thoroughfare, ensuring high visibility and convenient access for businesses and customers. The site benefits from existing infrastructure, including an access drive and utilities already in place, streamlining the development process and reducing upfront costs. This property is part of a Planned Unit Development (PUD) with pre-approved entitlements for a quick-service restaurant with a drive-through and additional retail space, making it ideal for a variety of commercial uses. Nearby traffic counts show significant daily traffic volume, with ADT (Average Daily Traffic) ranging from 34,000 on Capital Circle to 59,000 on I-10. The property is further enhanced by the inclusion of three outparcels, each offering distinct development possibilities. This prime location and existing infrastructure make this a truly exceptional opportunity for investors seeking a high-impact commercial development project in a rapidly growing area of Tallahassee.

Location Insight

City

Tallahassee

County

Leon

State

Florida

Longitude

-84.3659

Latitude

30.4779

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments