2818 Lakeshore Dr Tallahassee, FL 32312

This exceptional 2.35-acre development site at 2818 Lakeshore Drive in Tallahassee, Florida, presents a unique investment opportunity. Located just off North Monroe Street, this property boasts a highly visible position with excellent access to Interstate 10 (less than half a mile away) and is only 3.5 miles from downtown Tallahassee. The 1,785 square foot existing structure sits on a substantial lot, offering significant potential for redevelopment. Zoned OR-3 (Office Residential), this versatile site allows for a wide array of uses, including office buildings, restaurants, hotels, and mixed-use developments. Permitted uses extend to financial institutions, professional and medical offices, and even C-1 commercial uses. A 2006 feasibility study indicates a potential gross floor area of up to 47,000 square feet (20,000 sq ft per acre). The property's strategic location and zoning flexibility make it ideal for a variety of development projects. High traffic counts ensure excellent visibility, with potential for prominent signage visible from I-10. This is a rare opportunity to acquire a prime development site in a thriving area of Tallahassee. The property is priced at $989,000.