PORTLAND AVE Tallahassee FL 32303

For registration requirements and regulations, please review here or contact Bianca Diorio | 954-309-0641 | [email protected].

Starting Bid Meets Reserve

The parcel was picked up from the owner that was in bankruptcy. Parcel has approved zoning and ingress/egress easement on title. Developer/Investors gain advantage with approved zoning on land in a vibrant market with new jobs, growing student population, government, and medical businesses. Tallahassee is multifaceted with a county population which is growing for upside.

Located in Leon County in Tallahassee Florida, home to the State Capitol of Florida and nearly 30 state agency headquarters, Florida State University (FSU), A Marque State University, Home of the Power 5 Seminoles, Florida Agricultural & Mechanical University (FAMU), Home of the famous Rattlers & Tallahassee Community College, a 270-acre campus, collectively, around 75,000 full time student enrollment. This property with fully approved zoning presents an opportunity to build 80 new single-family homes or attached homes for build to rent or for sale, or for rent to the growing student population. Additionally, this property is fully zoned for self-storage up to 103,000 SF.

Tallahassee is in a highly desirable and growing area in a market with sky high demand and low supply. According to the National Association of Realtors, The US Census Bureau and the Bureau of Labor of Statistics there is a 4 to 1 ratio of new jobs in Tallahassee to new housing permits. Tallahassee Metropolitan area has a population of almost 400,000 not inclusive of the student population.

• Non-Contingent

• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

• $10,000 Participation Deposit Required

Portland Ave, Tallahassee, FL 32303

• 10.3+ Acres of Residential Land

• Picked up from bankruptcy court

• Full Zoning Approval for 80 Single Family attached or detached homes

• Full Zoning Approval for self-storage up to 103,000 SF of gross building floor area

• New Ingress/egress easement on title

• Own for under Fair Market Value

• Located a few minutes from the epicenter of Tallahassee, with Florida State University, Florida A&M University, Tallahassee Community College, the State Capitol of Florida, Amazon, Tallahassee Memorial Hospital, AMC 20 movies, the I-10 entrance/off ramp and many retail shops for convenient groceries & eateries

• 75,000+ Full Time college students

• Florida State University bus pickup/drop off stop at property entrance (runs to 3am)

• $3.3 million appraisal from nationally respected BBG appraisal

• Phase I Environmental included