Tuskegee Park, 1102 NW 6th St

$298K0.8%
$295,000
0.15
Acre
Status
Sold - Feb 09, 2023
Size
0.15 Acres (589 m2)
Price
$1,966,667/Acre ($501/m2)
Type
Land
MLS Number
F10355293
On Site
1407 Days
Updated
1301 Days ago
Page Views
0
Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Potential to receive hundreds of thousands from CRA. Included plans for 6 unit building: 5 2 bed residential units 1 ground level commercial unit. Seller had preliminary meeting with city: plans are in accordance with zoning. Permits have not been pulled. Use these plans, customize them, or design your own. Active comps in area:$108.9k-$225k per unit for land. Recently sold comps in area:$72k-$120k per unit for land. See pics. Subject property under $50k per unit; approx 50% OFF market value. New 2 bed apts on Sistrunk rent:$2.3-$2.8k. Commercial space:$25-30/sqft per year. Potential 10%-25% cap rate depending on building cost and CRA $. Seller will finance.

Features

All features
  • Current Use: Commercial
  • Approx SqFt Total Area: 6342
  • Property SqFt: 6342
  • Remarks: Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Potential to receive hundreds of thousands from CRA. Included plans for 6 unit building: 5 2 bed residential units 1 ground level commercial unit. Seller had preliminary meeting with city: plans are in accordance with zoning. Permits have not been pulled. Use these plans, customize them, or design your own. Active comps in area:$108.9k-$225k per unit for land. Recently sold comps in area:$72k-$120k per unit for land. See pics. Subject property under $50k per unit; approx 50% OFF market value. New 2 bed apts on Sistrunk rent:$2.3-$2.8k. Commercial space:$25-30/sqft per year. Potential 10%-25% cap rate depending on building cost and CRA $. Seller will finance.
  • Internet Remarks: Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. Opportunity zone. Huge tax benefits. Potential to receive hundreds of thousands from CRA. Included plans for 6 unit building: 5 2 bed residential units 1 ground level commercial unit. Seller had preliminary meeting with city: plans are in accordance with zoning. Permits have not been pulled. Use these plans, customize them, or design your own. Active comps in area:$108.9k-$225k per unit for land. Recently sold comps in area:$72k-$120k per unit for land. See pics. Subject property under $50k per unit; approx 50% OFF market value. New 2 bed apts on Sistrunk rent:$2.3-$2.8k. Commercial space:$25-30/sqft per year. Potential 10%-25% cap rate depending on building cost and CRA $. Seller will finance.
  • Waterfront: No info
  • Days on Market: 77
  • Closing Date: 2023-02-09
  • Compass Point: NW
  • Office Name: United Realty Group Inc.
  • Area: 6342
  • Taxes: 1530
  • Tax Year: 2022
  • Listing Date: 2022-11-04T14:29:42.000-00:00
  • Lot Size Square Feet: 6342

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Price History

Current
$295K
High
$298K
Low
$295K
Total Change
-0.8%
$298K$296K$295KNov 22Feb 23
Date
Event
Price
Change
Price Per
02/08/2023
Sold
$295K
-0.84%
$47 ft2
$501 m2
11/04/2022
Listed
$298K
 
$47 ft2
$505 m2
02/08/2023
$295K
Event
Sold
Change
-0.84%
Price Per
$47 ft2
$501 m2
11/04/2022
$298K
Event
Listed
Price Per
$47 ft2
$505 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .

Listing Location & Street View
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Scores

Walk Score®
Very Walkable. Most errands can be accomplished on foot
72

100
Transit Score®
Good Transit. Many nearby public transportation options
54

100
Bike Score®
Bikeable. Some bike infrastructure
51

100
Sound Score®
Bearable noise
77

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
29

100
Local Score
Limited local amenities nearby
4

100
Community Snapshot
3 – 4 BR
Bedrooms
$289K – $950K
Price Tier
672 - 4,200
SqFt Range
1978
Year Build
1
Total Floors

Subdivision Amenities

None

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