Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30203845
Property Subtypes: Free-Standing Building, Retail-Pad
Condo? Yes
Building Size (RSF): 4,800 SF
Gross Land Area: 0.11 Acres
Sale Price: $350,000
Ceiling: 14 ft.
Property Use Type: Investment
Building Name: In Tents Events
Usable Size (USF): 4,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/20/2019

Overview / Comments

Investment Income Opportunity- In Tents Events

4800sf Office/Retail/Warehouse located just south of the intersection of East Park Avenue and Capital Circle SE. This property is home to the established Party Rental Supply company "In Tents Events", and has almost 4 years left on the lease to the Landlord. Second Tenant is a Hair Salon and has been a very good paying tenant for the past two years and is interested in staying on for another term. Or this has the potential of using part of the building and collecting income from the larger tenant. Full financial Information available upon furnishing a non-disclosure agreement. Currently operating as a 9.25% Cap Rate Property.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 11-33-20-410-0070
Is Condo?: Yes
Zoning: CP
Retail Clientele: General
Property Located Between: Park Avenue and Apalachee Parkway, and just off Capital Circle SE
Property Visibility: Good
Largest Nearby Street: Capital Circle SE
Highway Access: Capital Circle
Airports: Tallahassee Regional Airport
Site Description: Retail Condominium site with good parking and access
Area Description: Located on Capital Circle SE in the Capital Commerce Park
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal Building with Roll-up door for access in the rear
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Parking available in the front, rear and side of the building
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Zoning Description: Commercial Parkway
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,094 55,406 135,004
Median Age: 32.39 34.85 32.71
Households: 5,296 25,258 55,639
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