Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30663189
Property Subtypes: Strip Center
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $216.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/27/2020

Overview / Comments

1031 Exchange. Excellent redevelopment opportunity to significantly increase the current value of the property similar to neighboring new mixed use construction. Do Not Disturb Tenants. Unique opportunity in 30 years to acquire this prime Investment Property, a neighborhood shopping center located on Capital Circle Northeast, Tallahassee. The property has been 100% leased consisting of six (1,500 sqft) storefronts with long-term local tenants at current market rates and escalating options. It is being offered after significant renovations including modern showrooms and exterior upgrades, plumbing, electrical, and landscaping. This location allows for major upside potential situated on one acre parcel fronting six lane high traffic area and large Pylon Sign. Center is located near I-10, between Home Depot and Lowe's in a highly saturated commercial corridor of restaurants and numerous national franchises.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 1116206020000
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,417 54,079 145,533
Median Age: 38.97 40.55 34.12
Households: 3,446 24,512 60,755


Photograph of Listing Agent

JB Dehkordi

BHHS - Beach Properties of Florida Member
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