Mixed-Use Land for Sale in Tallahassee, Florida

Buyer's choice of residential, commercial, or redevelopment potential - this all-brick downtown property offers endless possibilities. With some vision, this could be a spectacular single family home, or turned back into a large office. Located within walking distance to the Florida Capitol, this 3,400 square foot building sits on two lots (0.52 acres), with the existing structure occupying only one of these lots (0.26 acres). Zoned CU-45, allowing up to 45 units per acre, this is a rare opportunity in a premier location. The current layout features 5 bedrooms, 3.5 bathrooms, and a 400 sq. ft. bonus suite with its own private entrance. Recently upgraded with a 2020 roof and 2024 tankless water heaters, and currently leased at $6,000/month through August 2026, this property provides both strong cash flow and outstanding future development potential.