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Lakeshore Drive - New Pricing!

2.3 Acres of Commercial Land Offered at $1,050,000 in Tallahassee, FL 32312

Investment Highlights

  • Hotel / Motel Use
  • Very Usable Site
  • Near Interstate / Downtown Access

Executive Summary

Ease of access to Interstate 10 and to downtown Tallahassee. This property is a 2.3+/- acre development site located near the interchange of Interstate 10 and U.S. Highway 27 (aka North Monroe Street) in Tallahassee, Florida. Although the site is currently improved with a single family residence, it is zoned OR-3 (Office Residential) which permits by right the development of hotels, offices and multifamily residential units to 20 dwelling units per acre. Seller is willing to do a cash transaction or joint venture. Please contact the broker to discuss in detail.

Property Facts

Price $1,050,000
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Hospitality
  • Hotel
  • Medical
  • Motel
  • Restaurant
Total Lot Size 2.30 AC

1 Lot Available

Lot

Price $1,050,000
Price Per AC $456,522
Lot Size 2.30 AC

2.3-acre parcel ideal for hotel, office or multifamily development Located at I-10 interchange 199 and US Highway 27 (North Monroe Street) Cash sale or JV

zoning

Zoning Code OR-3
OR-3
  • Listing ID: 25546605

  • Date on Market: 4/25/2022

  • Last Updated:

  • Address: Lakeshore Drive, Tallahassee, FL 32312

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