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Mahan Drive & Edenfield Road, Tallahassee, FL

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Mahan Drive & Edenfield Road

Tallahassee, FL 32308 - Northeast Leon County Submarket

(906.2 KB)

Property Type:Land Parcel Size:10 Acres
For Sale Price:$650,000 Price/Acre:$65,000 Price/SF:$1.49

Proposed Use:Hold for Development, Planned Unit Development

On-Site Improv:Raw land

Sale Notes:
The subject property is 2 separate 5 acre parcels located on Mahan Drive (Hwy 90) halfway between Capital Circle and I-10. A tremendous amount of preliminary due diligence work has already been performed on this site. A feasibility letter from engineer is on file and addresses stormwater, soil conditions, utilities, and zoning. Additionally, letters from geotechnical engineers, the City of Tallahassee Water Utility Manager, an Environmental ecologist, and attorneys are on file as supporting information. Plans for the widening of Mahan Drive are under way. 100% of the right-of-way is acquired and the design stage is almost complete. Although construction funding is not in place for the project according to FLDOT, the project is a priority for DOT, Leon County, and the City of Tallahassee. The Fallschase development by AIG Baker is under construction 1.5 miles to the west, and when complete will have over 750,000 sqft of retail space including Super Wal-Mart, Costco, Sportsman' s Warehouse and Books-a-Million. 2 miles to the east at the I-10 interchange, Colonial Properties is developing Pinnacle at Cross Creek. This will have 1,200,000 sqft of retail.

STRUCTURE Commercial Real Estate
Stewart Proctor
(850) 656-6555

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