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2120 Mahan Dr - Bring All Offers!

2.99 Acres of Commercial Land Offered at $1,200,000 in Tallahassee, FL 32308

Executive Summary

This property is ready for redevelopment with a variety of possible uses. At just under 3 acres, it will be of interest to hotel, office, retail or even multifamily developers. The offered site has 250 feet of frontage along Mahan Drive (aka U.S. Highway 90/Tennessee Street) which has a vehicle traffic count (AADT) of 24,000. The location is 3 miles east of Florida State University, 3 miles from the Florida Capitol building and within 1.5 miles of the regions' two largest hospitals. The location is 1.4 miles to the largest shopping mall in the area (Governor's Square) and 2.5 miles to the federal corrections institution (FCI). It is 1/2 mile to FDLE. Numerous state agencies are located in the vicinity and Tallahassee is abuzz throughout the year with legislative activity and visitors for Division 1 college sports. With three public colleges in Tallahassee, there are over 60,000 students much of the year. Seller anticipates that stormwater run-off can be retained off site and that the entire site area is usable. The property would be ideal for an extended stay hotel or similar use.

Property Facts

Price $1,200,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Hospitality
  • Apartment Units
  • Hotel
Total Lot Size 2.99 AC

1 Lot Available

Lot

Price $1,200,000
Price Per AC $401,338
Lot Size 2.99 AC

2.99-acre parcel with off-site water retention available. Located on the north side of Mahan Drive, between Blair Stone Road and Phillips Road in Tallahassee, FL.

zoning

Zoning Code OR-3 (Office/Residential)
OR-3 (Office/Residential)
  • Listing ID: 26526165

  • Date on Market: 8/31/2022

  • Last Updated:

  • Address: 2120 Mahan Dr, Tallahassee, FL 32308

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