1212 Stone Rd 0.69 Acres of Commercial Land Offered at $381,486 CAD in Tallahassee, FL 32303
EXECUTIVE SUMMARY
The 0.69-acre covered lot at 1212 Stone Rd presents a unique redevelopment opportunity in the heart of Tallahassee, Florida. Currently, the property has an operational daycare facility. DO NOT DISTURB TENANT. Please do not approach building or attempt to contact tenant. Listing broker will coordinate and must be present for showings.
The property's MR-1 zoning designation allows for a maximum gross density allowance of 20 dwellings per acre. Therefore, this site could be transformed into a vibrant residential complex, catering to the growing demand for housing in the area. Currently, the property features a practical circular drive that facilitates smooth drop-off and pick-up operations. This layout could be advantageous for those looking to repurpose the property for a similar service-oriented business. The surrounding area offers a mix of residential and commercial developments, making it an attractive location for various redevelopment scenarios.
The property's MR-1 zoning designation allows for a maximum gross density allowance of 20 dwellings per acre. Therefore, this site could be transformed into a vibrant residential complex, catering to the growing demand for housing in the area. Currently, the property features a practical circular drive that facilitates smooth drop-off and pick-up operations. This layout could be advantageous for those looking to repurpose the property for a similar service-oriented business. The surrounding area offers a mix of residential and commercial developments, making it an attractive location for various redevelopment scenarios.
PROPERTY FACTS
| Price | $381,486 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.69 AC |
1 LOT AVAILABLE
Lot
| Price | $381,486 CAD |
| Price Per AC | $552,877.55 CAD |
| Lot Size | 0.69 AC |
Covered land lot with existing circular driveway.
1 of 1
PROPERTY TAXES
| Parcel Number | 21-23-20-205-000.0 | Improvements Assessment | $97,742 CAD |
| Land Assessment | $56,617 CAD | Total Assessment | $154,359 CAD |
ZONING
| Zoning Code | MR-1 (Medium density residential: maximum gross density of 20 dwellings per acre) |
