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Property profile & analytics
OFF-MARKET
Commercial real estate

4024 Mahan Dr Tallahassee, FL 32308

3.29 ac lot
Property ID
US18-5047697
Property summary
AI-generated overview

This exceptional 3.29-acre commercial land parcel, located at 4024 Mahan Drive in Tallahassee, Florida (APN 1123206160000), presents a rare development opportunity. Situated at a highly visible, lighted intersection, this property enjoys unparalleled access and exposure. Its strategic location is adjacent to the new Mahan Office Park and the Fallschase Shopping Center, a major retail hub anchored by Costco, Walmart, Bass Pro Shops, and CMX Theaters. The property is also within a short five-minute drive of two of Tallahassee's top master-planned communities, with an additional 2,000 proposed residential units nearby, ensuring a robust and growing customer base. The seller is actively pursuing re-zoning to allow for drive-thru and retail uses, significantly expanding development possibilities. This prime location offers convenient access to I-10 via a nearby interchange and a future planned interchange, further enhancing its appeal. Currently zoned to accommodate approximately 26,000 square feet of development, this property is ideal for a variety of commercial ventures. Given the rapid growth in this submarket, this represents one of the few remaining commercial development opportunities in this highly desirable corridor. The asking price is $1,100,000.

Property profile
Verified
Property type Commercial real estate
Lot 3.29 ac (143,312 SF)
APN 1123206160000
UPID US18-5047697
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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