Redevelopment Opportunity

Retail-Commercial for Sale
Also listed as Hospitality, Office
Catylist Listing ID: 30366393
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 10,666 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $140.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

Currently a 10,666 SF Vacant Suntrust Bank Branch located on a rare large
lot with a retention pond in place. Perfect for a retail or hotel redevelopment
along Apalachee Parkway where sites this large are limited.

Property Highlights
• Dense Retail Corridor
• 2.48 AC (ample parking) with Retention Pond in Place
• Favorable Zoning within AC District | Allows Everything Except Heavy Industrial
• 250 Ft of Frontage Along Apalachee Parkway
• Nearby Developments Include Tru Hotel by Hilton, Holiday Inn, Ultimate Motors and Popeye's

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 3104204600000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Capital Circle NE
Feet of Frontage: 250
Number of Stories: 2
Parking Description: Ample parking on 2.48 AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,379 53,379 132,140
Median Age: 30.22 31.84 31.74
Households: 4,234 24,422 54,405
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