West Tennessee Street is a redevelopment hot-bed. Since 2021, this 2-mile stretch has
has turned over fifteen properties for redevelopment. Sales have ranged from $600,000 for
vacant acre to a $14 million dollar, 2017-built, multi-family student complex. This property, located in an Opportunity
Zone, returns to the marketplace during a dynamic redevelopment period in this student-centered area.
There are 17 ready permits waiting for activation for a drive-through fast-casual restaurant and 3,600 SF of retail space with 20 parking spaces and permitted stormwater pond. There is only one restaurant within a 2-mile radius. So redevelopment of this parcel with the permitted drive-thru restaurant is the highest and best use.
The parcel is located within a quarter of mile from Tallahassee Community College with over fifteen thousand students,
in an area with more than 4500 student beds with walking distance. There are 4 banks, 5 pharmacies, several new
Car dealerships, including Tesla (now built) and Kia (under construction) and an Acura expansion along this corridor. It is ripe for redevelopment.