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27173424
27173423

245 Thomas Smith Farm Rd, Quincy, FL 32351

DC
FL FL 446269
Maury L. Carter & Associates Inc
Maury L. Carter & Associates Inc
Listed by Maury L. Carter & Associates Inc
$14,765,770
256 days on market
Updated 20 days ago

Residential/Commercial Development Site Near Tallahassee

Details
Property Type Land
Sub Type Commercial, Residential
Acreage 185.000
Zoning Agriculture/Residential

Land | 185 acres

Marketing description

Up to ±711 Unit Residential Development Site

An outstanding entitled development opportunity directly off of a 4 leaf clover exit of I-10 in the heart of Gretna, FL a thriving suburb of Tallahassee, FL (State Capital of FL, Florida State University). This site offers a rare chance to deliver a high-demand residential/commercial product in one of Florida’s fastest-growing suburbs.

Positioned in between Quincy, Greensboro, and Gretna FL and ±3,000 feet of frontage along Greensboro Highway & ±2,000 feet of frontage on Race Track Rd. (Thomas Smith Farm Rd.), the site spans multiple parcels with entitlement for up to ±677 residential units and ±45 acres of Commercial. The project is in the process of entitlement/engineering and will be ready to break ground in the near future—streamlining the path from acquisition to vertical construction.

This Tallahassee market has experienced significant growth fueled by its close proximity to The Florida State Capital and Florida State University (30 minutes), directly off of Interstate-10 (1 minute), and on Greensboro Highway. The area continues to attract a diverse population of professionals, students, and retirees, making this a strategic location for for-sale or for-rent residential product.

Investment highlights

Bulk Price: $14,765,770

• Single-Family Residential: $7,292,150 (373 Units @ $19,550/unit)

• Multifamily: $3,040,000(304 Units @ $10,000/unit)

• Commercial: $4,455,620 (40.23ac @ $110,206/ac)

Listing Contacts

DC
FL FL 446269
Maury L. Carter & Associates Inc
Maury L. Carter & Associates Inc
Listed by Maury L. Carter & Associates Inc

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Additional Information

Name
Daryl Carter
License
FL 446269
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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