625 Railroad Square is a ripe investor opportunity to "land bank" a prime redevelopment opportunity located within the Railroad Square Art District which is a short walk to both FSU, FAMU, and Downtown. This 16 units, 13,200sqft building on 1.02 acres, tenant uses include retail storefronts, restaurants, and artist workshops. The building fronts the Coal Chute Pond, Cascades Trail, FAMU Way, and the FAMU Way skatepark. The trail surrounding the pond has many amenities including a 1/4 mile walking/jogging path, benches, picnic tables, and interactive musical stations. The building is on the other side of the pond from Collegetown and Gaines St, including the Urban Enclaves development of over 1500 residents in a single development. The property also overlooks the FSU Doak Campbell stadium. Operate it "as-is" and cash flow these 16 rental units until you are ready to pursue the significant redevelopment opportunity to build housing, hotel, retail, or mixed use development, as 5 stories high and 50/units per acre are allowed in the UT zoning. Multiple Sites in Railroad Square Art District are also listed FOR SALE on Loopnet.com. See photos of this listing showing the site map and all 4 sites for sale. Purchase this site individually or combine it with others for a larger master planned development. 625 Railroad Square is considered to be "Site #1" and amounts to 1.02 acres. Other sites for sale include: Site #2 - 633, 635, & 637 Railroad Square - 1.45 acres - LISTING: https://www.loopnet.com/Listing/635-Railroad-Sq-Tallahassee-FL/34771230/ Site #3 - Multiple Railroad Square addresses - 3.15 acres - LISTING: https://www.loopnet.com/Listing/650-Railroad-Sq-Tallahassee-FL/34771981/ Site #4 - 609 Railroad Square - 0.25 acres - LISTING: https://www.loopnet.com/Listing/609-Railroad-Sq-Tallahassee-FL/34757408/ Property is listed by Broker-Owner, who intends to keep a portion of the existing property, not listed for sale, and continue to operate it as a creative retail, arts, and entertainment district which will serve as an amenity to any other adjacent developments.