2633 West Tennessee Street
Price Improvement on Opportunity Zone acre on Major US Highway
Marketing description
Opportunity Zone! West Tennessee Street Iin Tallahassee, Florida is a redevelopment hot-bed. Since 2021, this 2-mile stretch has has seen over fifteen properties purchased for redevelopment. Property sales have ranged from $600,000 for a vacant 1/2 acre to $14 million dollars for a 2017-built multi-family student complex.
This property, located in an Opportunity Zone, returns to the marketplace as a vacant parcel with permitted entitlements for a 3600SF Retail Center and a 1500SF drive-thru restaurant. FULLY PERMITTED.
The parcel is located within a quarter mile from Tallahassee State College, which has over fifteen thousand students and over 1000 staff members.
It is also located in an area with multi-family student housing units of more than 4,500 beds within walking distance.
There are 4 banks, 5 pharmacies, several new car dealerships, including Tesla and Kia, and an Acura expansion along this corridor. It is ripe for redevelopment.
There is only one restaurant within a mile on either side of this site. FDOT Traffic Count: 41,500/day
Investment highlights
Newly Vacant Acreage
Fully permitted drive-thru & retail space
Nearly an acre of land (.99 acres)
Located in a vibrant college town with three large colleges
4000 Student Beds within a 1/4 Mile
300 ft frontage on US Highway 90/West Tennessee Street
Tallahassee, Florida
Two entries and exits
Dedicated Turn Lane on a major highway
FDOT Traffic Count: 41,500 vehicles per day
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