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

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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


Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial Member
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