Marcus & Millichap is pleased to present a 1.55-acre parcel located adjacent to 1320 Capital Circle SW in Tallahassee, Florida (the “Property”). The Property offers an exceptional development opportunity in a growing, robust trade area and FIRST BID MEETS RESERVE!
The Property consists of a 1.55-acre parcel located on Capital Circle SW with traffic counts of 23,254 vehicles per day and two miles north of Tallahassee International Airport. The Property is well positioned in the market just west of downtown Tallahassee and minutes south of major national retailers including Walmart, Home Depot, Lowe’s, and many more. The Property benefits from OA-1, Airport Vicinity Zoning with flexible uses permitted including retail, office, self-storage, and many more.
Tallahassee, Florida, the state capital and home to Florida State University (FSU) and Florida A&M University, combines government, education, and commerce to create a unique and resilient economy. Tallahassee serves as a hub for higher education, research, and healthcare, with FSU and Tallahassee Memorial Healthcare as key economic drivers. Tallahassee benefits from regional growth and strong demographics with a population of 42,450 residents and 4.14% population growth expected over the next five years within a 3-mile radius.