Prime, 2.35 acre development site for hotel, office, or restaurant mix located just off Monroe St in high traffic location just 0.4 miles from I-10 Exit 199, 3.3 miles from Florida State University, and 3.6 miles from Downtown Tallahassee. The site also offers excellent I-10 visibility w/ 68,000 vehicles per day. Zoning district OR-3 (Office Residential) allows for residential and non-residential uses, including financial institutions, professional and medical offices, hotels, and wide range of residential uses. The subject property allows for 20,000 sq ft of gross floor area per acre, with a maximum of 47,000 gross floor area based on feasibility study. A transient Lodging hotel facility would be able to host approximately 85-95 rooms within a 3-story, 47,000 sq ft building after accommodating for parking. From Tallahassee being announced as a "Top 10 Cities of the South" by Southern Living Magazine to hosting more than a dozen signature and sporting championship events annually, Leon County and the City of Tallahassee continue to see record growth and rising demand from out of town guests. More than 2.4 million tourists visited Tallahassee in 2019, 63% stayed in paid accommodations, resulting in an average of 3.3 nights spent, achieving an overall occupancy rate of 73.5%, a total room nights stayed at over 1.5 million, and an economic impact of over $1 billion. The demand for additional lodging facilities within close proximity to the Downtown and University area presents a uniquely attractive opportunity.