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: $1,080,000
Unit Price: $119,866 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2020

Overview / Comments

Leases produce an estimated 6 cap buy for a buyer as is...however the real value is the land after the highway
next to it is expanded.
4.67 acres of this site is land leased for an average of approximately 2625 per month for the next 20 months
with a 3 year extension.
the remainder (frontage) is leased for 3,000 per month through end of July 2020. tenant has a renewal option
and has been here for multiple terms.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 3119206210000

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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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