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Property: |
29.66 Acres (property outlined in red
above) |
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Location: |
Capital Circle S. E. and SR 363 (Woodville
Highway)
30° 22' 29.98" N and 84° 16' 20.64" W |
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Zoning: |
Commercial Parkway (CP) |
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Utilities to Site: |
Water, Sewer, Gas, Electricity (Public,
City of Tallahassee) |
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Roadway Frontage: |
Six-Lane Major Arterial Roadway (Capital
Circle and SR 363)
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Capital Circle frontage:
Property Depth: |
1,895 Linear Feet
553 Linear
Feet |
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Current Traffic Count: |
SR 363, 300' S of SR 261 (Capital
Circle) – 16,200 ADT
US 319, 200' S of CR 259 (Tram Road) –
16,300 ADT |
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Florida DOT Access: |
Two each on Capital Circle and SR 363
(Woodville Hwy.) |
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Conceptual Plan: |
Zoning allows 240,000 +/- square ft of
commercial with parking, natural area, storm water retention
ponds, etc.
Concept design
may be reconfigured for users desired plans.
Subdivision allowed. |
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Natural Area Requirement: |
10% required, conceptual plan
showing 22.79% inclusive of
proposed Storm Water facilities |
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Topography: |
Scrub Oak, Mixed Pines, generally flat
with sandy loam soils |
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Flood Zone: |
Flood Zone 'X' as per Flood Insurance Rate
Map, Community Panels Nos.: 12073-C-295-D and 12073-X-435-D |
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Neighborhood Analysis: |
"All aspects of
development continue to increase in the immediate and surrounding
area." "As available vacant land
along major thoroughfares decreases, the demand for the subject
property will increase." (DOT Appraisal Analysis) |
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Asking Price: |
$4,440,000.00 ($148,000 per acre or $3.40
per square foot. Negotiable.
Owner financing available on Non-Recourse Basis with 30%
Down. |
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2013 Appraisal of $4,800,000
($160,000 per acre). |
