Restaurant on Crawfordville Hwy with Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30853920
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 2,200 SF
Gross Building Area: See Agent
Gross Land Area: 2.84 Acres
Sale Price: $1,650,000
Unit Price: $750 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/1/2024

Overview / Comments

Redevelopment Opportunity for Sale (Real Estate Only). Currently being operated as a fast casual restaurant, but owners intend to close the business upon a sale of the property. Intent is to sell both parcels in a single transaction and the 2.8 acres has a higher and better use then is currently utilized. Redevelopment is the most likely scnerio for a Buyer. Property has 313' of frontage on Crawfordville Highway and 450' of frontage on Ivan Church Road. Combined parcels have a depth of approximately 290' on the north side of property and 540' on the south side of the property.

Additional Details

Nearest MSA: Tallahassee
County: Wakulla
Tax ID/APN: 19-3S-01W-000-04519-000
Zoning: COMMERCIAL & RMH
Property Visibility: Excellent
Feet of Frontage: 313
Zoning Description: Commercial and RMH

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,701 12,161
Median Age: 38.25 37.34
Households: 2,882 4,461
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