Retail Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30502891
Property Subtypes: Free-Standing Building
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $725,000
Unit Price: $181.25 PSF
Property Use Type: Investment
Building Name: Retail Investment Property
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/9/2019

Overview / Comments

This 4,000sf freestanding retail building is offered for sale as an investment property with a long term lease in place for the retail investor. The property features a 4,000sf, concrete block building that is leased long term to One Low Price Drycleaners. This lease provides stable income and has limited landlord responsibilities (roof only) . The current lease runs thru September 30, 2026.

Highlights:
4,000 sq. ft. Free Standing Building
Investment Property
Long Term Tenant In Place
Excellent Frontage and Signage

Attachments & Media

Current Tenants

Tenant Business Name One Low Price Drycleaners
Is Renting? Yes
SF of Space Occupied 4,000 SF

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 212543 C0060
Zoning: CU-45
Retail Clientele: General
Area Description: Located at the lighted intersection of N. Monroe Street and Seventh Avenue, this high visibility corner is in the heart of the Midtown district in Tallahassee, Florida. With a combined 33,000+ Vehicles per day passing this location, it has excellent signage, and visibility, with ingress and egress points from both Monroe Street and Seventh Avenue.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Year Built: 1971

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,740 111,389 180,416
Median Age: 31.92 29.11 31.32
Households: 5,629 47,049 75,077

Contact

Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial TALrex.com Member
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