531 Silver Slipper LnTallahassee, FL 32303

Property Details for 531 Silver Slipper Ln

Year built

1984

Lot size

1.79 AC

Property size (Sq ft)

14,746 SF

Property type

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.

• 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

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

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