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Unimproved Land - Tallahassee, FL
Zoned for the development of up 25 units of Student Housing or multifamily. UT (University Transition zoning of 50 units/acre). This site is 1 block west of FAMU campus and 1 block south of Railroad Square Art District. Short drive to Collegetown, FSU, & Publix. This is one of the largest available development lots in the Collegetown area. Property 2 blocks north of here along Gaines Street is selling at $4M/acre, so this lot at less than $500k per acre is a steal. This site also has a storm drain on the corner of the lot allowing the developer to save money by not having to build stormwater conveyance.
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