2990 Apalachee Pkwy

Shopping Center for Sale
Catylist Listing ID: 30468327
Property Subtypes: Strip Center
Building Size (RSF): 60,000 SF
Gross Building Area: See Agent
Sale Price: $4,200,000
Unit Price: $70 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2020

Overview / Comments

60,000 +/- SF Office/Retail building on 5.41 +/- acres on the corner of Apalachee Parkway and Capital Circle SE. Currently 75% occupied by Leon County under a long-term lease (tenancy began in 2012). Great signage and access on Capital Circle and Apalachee Parkway with active retail surrounding the center. Tallahassee, Florida’s Capital City, is home to Florida State University, Florida A&M University, and Tallahassee Community College. With over 70,000 college students and the seat of state government, Florida is the 3rd largest state in the nation. Leon County is a vibrant and young population with a median age of 29.3. Tallahassee is also one of the 10 most educated cities in the country.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 3104200040000
Property Located Between: Adjacent to Cross Creek Shopping Center: Planet Fitness, Dollar Tree, Beef O' Brady's, & Rooms to Go
Year Built: 1980
Parking Description: Abundant Parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,674 50,606 128,353
Median Age: 30.79 32.78 32.16
Households: 4,270 23,221 52,750


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