531 Silver Slipper LnTallahassee, FL 32303
- Retail properties
- 14,746 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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