531 Silver Slipper LnTallahassee, FL 32303

  • Retail properties
  • 14,746 SF
For Sale
$850,000 View listing

Property Details for 531 Silver Slipper Ln

Year built
1984
Lot size
1.79 AC
Property size (Sq ft)
14,746 SF
Property type
Retail properties
Property subtype
Parking lots & garages
APN
21-24-70-000-002-0
APU
2124700000020

Description

This exceptional 1.79-acre commercial land parcel presents a rare investment opportunity in Tallahassee's thriving business district. Located at 531 Silver Slipper Lane, this property boasts convenient access from both John Knox Road and North Monroe Street, offering excellent visibility and signage opportunities on both thoroughfares. The property is zoned CP (Commercial Parkway), making it ideally suited for a variety of commercial developments, including hotels or self-storage facilities. The seller is highly motivated and offers flexibility, including the possibility of a long-term land lease arrangement. Furthermore, the seller is willing to collaborate with the buyer to navigate the permitting process, streamlining the development timeline. This prime location, combined with the seller's cooperative approach and the versatile CP zoning, makes this an unparalleled chance to acquire a highly desirable commercial property in a rapidly growing area of Tallahassee, Florida. The property's address is 531 Silver Slipper Ln, Tallahassee, FL 32303, and sits within Leon County. This is a truly exceptional opportunity for investors seeking a strategic foothold in a dynamic market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,800,811
    6.5%
    $2,585,364
    7%
    $2,400,695
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,641,699
    Geo Method
    $2,641,699
  • Alternative Use

    Use
    Valuation
    Residential
    $2,180,851
    Hospitality
    $1,997,648
    Educational
    $1,662,020
    Medical
    $1,719,179
    Retail
    $2,585,364
531 Silver Slipper Ln, Tallahassee, Florida

Location Insight

City
Tallahassee
County
Leon
State
Florida
Latitude
30.4725
Longitude
-84.2876
CBSA code
45220
CBSA name
TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,612
$175,437
$11,250
$186,687
-
$175,437
$11,250
$186,687

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