Retail Property for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30733426
Property Subtypes: Car Wash, Free-Standing Building, Garden Center, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Status: Proposed
Building Size (RSF): 20,422 SF
Gross Building Area: See Agent
Gross Land Area: 8.22 Acres
Sale Price: $3,975,000
Unit Price: $194.64 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/9/2021

Overview / Comments

Prime location on Auto Alley on West Tennessee Street. Real Estate only, business relocating upon expiration of the lease. Auto sales and service facility with surplus land. NNN lease terminates May, 2023. Dealership occupies 4.3 acres of property. Additional 3.9 acres is vacant and available for additional development. The 20,442 SF building consists of over 13,000 SF of air-conditioned retail showroom, private offices, restrooms and parts area. There are 16 overhead doors in the 7,000 SF service area. 240 paved parking spaces for car sales area.

West Tennessee Street close to Capital Circle and I-10.

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Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2129202110000
Zoning: CP COMMERCIAL PARKWAY
Property Visibility: Excellent
Tenancy: Single Tenant
Property Condition: Excellent
Zoning Description: CP (Commercial Parkway)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,225 56,445 124,223
Median Age: 25.73 25.03 28.26
Households: 1,784 23,994 48,720

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