2011 S Adams St Tallahassee, FL 32301
For Sale
This exceptional 0.82-acre property at 2011 S Adams Street in Tallahassee, Florida, presents a compelling mixed-use redevelopment opportunity within the vibrant SOMO District. Currently featuring a partially renovated existing building, this site offers significant potential for a variety of future uses, thanks to its CU-45 zoning designation. The property boasts excellent street frontage along South Adams Street, providing high visibility and accessibility. Convenient ingress and egress points are available from both Kestner Street to the south and Perkins Street to the north, ensuring ease of access for both customers and employees. The asking price is $800,000. This is an ideal investment for developers seeking a strategic location in a rapidly growing area with a flexible zoning classification that allows for creative and diverse project plans. The existing structure provides a solid foundation for a renovation or adaptive reuse project, minimizing initial development costs and accelerating the timeline to occupancy. The property's prominent location and versatile zoning make it a highly attractive proposition for a range of commercial ventures. Serious inquiries are encouraged to explore the full potential of this unique redevelopment opportunity. The property is located in Tallahassee, Florida.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.