445 FT of Capital Circle SE Frontage

Vacant Land for Sale
Catylist Listing ID: 30441513
Property Subtypes: Industrial
Gross Land Area: 9.01 Acres
Sale Price: $995,000
Unit Price: $110,432 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

Parcel 1A (2.38 acres) leased until 12/31/2023 to national credit at $2,700 per month gross lease
Parcel 1B (2.38 acres) is vacant
Parcel 2 (4.24 acres) leased until 7/31/2020 to local credit at $3,000 per month gross lease
*Owner willing to subdivide and sell separately
• Property has a newly renovated, 1,200 sf office building located on Parcel 1A (tenant responsible for maintenance of building)
• 445 ft of Capital Circle Southeast frontage as well as frontage on Woodville highway and Crossway Road.
• This property is located inside of a no flood zone within city limits and zoned for industrial use.
• 2 leases in place produce a 6% cap rate with 3rd in place at market rate, property will yield a 5% cap rate
• Woodville highway (property fronts to the North) Is currently in design of a roadway expansion to be four
laned
• St Joe Company has a master community called Southwood with thousands of new residential and
commercial units within a few blocks.
• Property fully fenced off with utility service in place

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 3119206210000
Zoning: INDUSTRIAL
Property Located Between: Capital Circle SE and Woodville Highway
Property Visibility: Good
Feet of Frontage: 445

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,085 28,269 91,198
Median Age: 31.2 28.79 27.97
Households: 1,248 10,938 35,276

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