Motel Lot for Redevelopment 2633 W Tennessee St Terrain 0,4 ha À vendre 1 076 863 € Tallahassee, FL 32304

Opportunity Zone! West Tennessee Street 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 vacant acreage 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. 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 and Kia and an Acura expansion along this corridor. It is ripe for redevelopment. There is one restaurant. FDOT Traffic Count: 41,500/day