Cactus Motel | 2633 W Tennessee St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Cactus Motel 2633 W Tennessee St
18 Room Hotel Tallahassee, FL 32304 $995,000 ($55,278/Room)
Investment Highlights
- OPPORTUNITY ZONE INVESTMENT LOCATION
- Located in a vibrant college town with three large colleges
- Redevelopment parcel - motel is obsolete
- Nearly an acre of land (.99)
- 300 feet frontage on US Highway 90/West Tennessee Street
- Traffic Count 36,500 vehicles per day
Executive Summary
West Tennessee Street is a redevelopment hot-bed. Since 2021, this 2-mile stretch has
has turned over fifteen properties for redevelopment. Sales have ranged from $600,000 for
vacant acre to a $14 million dollar, 2017-built, multi-family student complex. This property, located in an Opportunity
Zone, returns to the marketplace during a dynamic redevelopment period in this student-centered area.
There are 17 ready permits waiting for activation for a drive-through fast-casual restaurant and 3,600 SF of retail space with 20 parking spaces and permitted stormwater pond. There is only one restaurant within a 2-mile radius. So redevelopment of this parcel with the permitted drive-thru restaurant is the highest and best use.
The parcel is located within a quarter of mile from Tallahassee Community College with over fifteen thousand students,
in an area with more than 4500 student beds with walking distance. There are 4 banks, 5 pharmacies, several new
Car dealerships, including Tesla (now built) and Kia (under construction) and an Acura expansion along this corridor. It is ripe for redevelopment.
has turned over fifteen properties for redevelopment. Sales have ranged from $600,000 for
vacant acre to a $14 million dollar, 2017-built, multi-family student complex. This property, located in an Opportunity
Zone, returns to the marketplace during a dynamic redevelopment period in this student-centered area.
There are 17 ready permits waiting for activation for a drive-through fast-casual restaurant and 3,600 SF of retail space with 20 parking spaces and permitted stormwater pond. There is only one restaurant within a 2-mile radius. So redevelopment of this parcel with the permitted drive-thru restaurant is the highest and best use.
The parcel is located within a quarter of mile from Tallahassee Community College with over fifteen thousand students,
in an area with more than 4500 student beds with walking distance. There are 4 banks, 5 pharmacies, several new
Car dealerships, including Tesla (now built) and Kia (under construction) and an Acura expansion along this corridor. It is ripe for redevelopment.
Property Facts
| Price | $995,000 | Building Size | 12,150 SF |
| Price Per Room | $55,278 | No. Rooms | 18 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Conditions | Redevelopment Project | Year Built | 1952 |
| Property Type | Hospitality | Parking Ratio | 2.47/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.99 AC |
| Price | $995,000 |
| Price Per Room | $55,278 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 12,150 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 2.47/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $87.00 | - |
1 of 1
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 21-28-40-00A-001.0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $239,052 |
PROPERTY TAXES
Parcel Number
21-28-40-00A-001.0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$239,052
zoning
| Zoning Code | CP (Commercial Parkway) |
| CP (Commercial Parkway) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Cactus Motel | 2633 W Tennessee St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.