Listed by NAI TALCOR - Tallahassee
$950,000
6034 W Tennessee Street
Details
Property Type Land
Sub Type Commercial
Acreage 13.430
Zoning OR-2 (Allows Up to 16 Units/Acre)
Land | 13.43 acres
Marketing description
This +/- 13.5 acre site is ideally located just 1 mile west of Capital Circle, and less than 2 miles from the future 123,000 SF Amazon project that is known as "Project Cypress." The rear part of the property is currently going through the rezoning process for a higher density (0R-2), which will allow multi-family (up to 16 units/acre) usages, as well as motels and office spaces. The front 1.5+ acres are zoned CP (Commercial Parkway), which allows most retail usages associated with road frontage. Priced affordably, so that a developer may take advantage of the higher density in the rear, and provide multi-family/housing for the area and future Amazon facility. Plus taking advantage of the commercial outparcel in the front, that could be developed, or put back on the market for re-sale, and recoup a major portion of the initial capital.
Investment highlights
- Potential Multi-Family Development & Commercial Outparcel
- Less than 2 Miles from Future 123,000 SF Amazon Facility
- Zoning: OR-2 (Allows Up to 16 Units/Acre)
- Only 1 Mile West from Capital Circle
- +/- 280 Feet of Frontage on W Tennessee Street (Hwy 90)
- Opportunity Re-Sale of Commercial Outparcel
- Traffic Count: 24,500 Vehicles/Day
Listing Contacts
Listed by NAI TALCOR - Tallahassee
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?









