Freestanding Restaurant | FSU Trade Area
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30413415 |
| Property Subtypes: |
Restaurant
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
5,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,595,000 |
| Unit Price: |
$319 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/5/2021 |
Overview / Comments
Prime restaurant site opportunity on W Tennessee Street in the heart of the Florida State University retail trade area (+/- 44,000 students) and Tallahassee Community College (+/- 20,000 students). This highly visible site offers frontage and signage on W. Tennessee Street at the hard corner of W. Tennesee and Ocala Road. The site is an outparcel to the new Lucky's Market retail center and features cross parking agreements with this center for additional parking for the restaurant. The restaurant was completed renovated in mid-2013 by Oliver Renovation and Construction ( a regional high-quality commercial contractor specializing in restaurant and retail ). This is an opportunity to own a high-quality piece of real estate in a very high barrier to entry market.
Located on West Tennessee Street (US-90), on the northeast corner of Ocala Road, in the College Square Shopping Center. Traffic count of over 52,000 vehicles per day! Convenient to I-10, FSU, TCC and the entire West Tennessee campus business district.
|
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
2127204500000 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Ocala Road |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,000 SF |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
28,594 |
100,720 |
168,435 |
| Median Age: |
22.98 |
26.01 |
30.05 |
| Households: |
11,482 |
39,835 |
69,660 |
|
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