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Multi-Unit Warehouses with CU-45 Zoning

$3,200,000

1872 Mill Street, Tallahassee, FL 32310

Active
Last Updated: 07/14/2021

75,211 sqft

Building Size

7.16 acres

Lot Area

Details:
Building Size:    75,211 sqft
Lot Area:    7.16 acres
Occupancy:    90%
Class:    C
Units:    35
Lease Type:    Single Net
Zoning:    CU-45
Tenancy:    Multiple
Parking Spots:    50
Gross Leaseable Area:    75,000
Warehouse %:    90%
Roof:    Metal
Floor:    Concrete
CeilingHeight:    22
Investment Strategy:    Opportunistic
Highlights:
  • Development Potential
  • Location - PRIME for Multi-Uses - surrounding College Campuses
  • Multi-Modal District
  • Opportunity Zones Closeby
  • Near Airport
  • 7 contiguous acres in heart of development zone
  • Currently under-rented
Description:

ABOUT 1872 MILL ST , TALLAHASSEE, FL 32310
The subject property is located at the southwest intersection of Gamble Street and along the west side of Mill Street across from The City of Tallahassee improved park “Tallahassee Junction" Park and Cascades Park Trail.
1.5 Miles SW of Downtown Tallahassee
1.1 Miles from Innovation Park
3.3 Miles to Tallahassee Regional Airport
7.10 Acres Light Industrial Warehouse Property
Comprised of 5 Buildings with multiple office/storage bays, loading docks, electric and water in gated property with 2 entrances.
General Zoning CU-45 Central Urban
Future Land Use Designation CU Central Urban
Five, One-Story Buildings. Concrete Block Construction.
Total 71,660 Square Feet gross leasable area.
10,750 sf Approximate Office Space-Conditioned
60,900 sf Approximate Warehouse Space.
3 Phase Electric
Units have overhead Garage Doors and Steel Entry doors
Concrete Block, Steel Frame/Metal Roofing with Insulation
Asphalt Paved Parking and roadways, partial non-paved
Chain link Fencing with Barbed Wire top
Two entrance gates.
Tenants are month-to-month with a 90 day courtesy notice and several wish to continue leases.

LINKS

Map:
Documents:
Title
1872_Mill_Street-_Unit_sizes.pdf
1.Measurements-Appraisal.pdf
1872_Mill_Street-Maps-Developments_of_Interest.pdf
CU-45-ZONING_CODE_AND_DEFINITIONS-USAGE_-Sec._10_161.___Purpose_and_intent..pdf
FAMU_WAY_PROJECT-IMPROVEMENT.pdf
MAP-COMPLETE.pdf
MAP.pdf
ZONING-FUTURE_LAND_USE.pdf
MILL_ST-_TALLAHASSEE_OPPORTUNITY_ZONES.pdf
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Location
Gallery