Capital Circle Plaza - For Sale
Shopping Center
for Sale
| Catylist Listing ID: |
30851589 |
| Property Subtypes: |
Mixed Use, Strip Center, Other
|
| Building Size (RSF): |
25,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$3,000,000 |
| Unit Price: |
$120 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/15/2023 |
Overview / Comments
|
This high-profile, income-producing retail and office center in Tallahassee, FL is offered for sale as an investment property. Fully leased and well located on Capital Circle NE, this property has excellent frontage and boasts some of the highest traffic counts per day. 25,000 sq. ft. and priced below replacement cost, the center features a mix of retail and office tenants. The building is two stories with approximately 20,000sf upstairs and 5,000sf down. Both floors have ground-level entrances, and parking is immediately available near the units. An opportunity for immediate income, with the opportunistic upside of increasing rents over time.
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Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
1116202080000 |
| Retail Clientele: |
General, Family, Business, Other |
| Largest Nearby Street: |
Capital Circle |
| Traffic/Vehicle Count: |
50,000 |
| Area Description: |
Located south of the I-10 interchange and just south of Hermitage Drive, the site has excellent visibility on Capital Circle NE with traffic counts of 48,000 VPD. Lighted intersections just North & South of the property allow for easy egress and ingress into the property. The property neighbors the Eastgate residential neighborhood, the Remington Green Office Complex and many other retailers and restaurants including Carrabba's, Bumpas, Texas Roadhouse, Chic-Fil-A, The Home Depot and more. |
| Year Built: |
1985 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,212 |
58,829 |
146,399 |
| Median Age: |
39.73 |
41.03 |
34.23 |
| Households: |
3,951 |
26,563 |
60,999 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Tallahassee Board of REALTORS nor
Moody's assume any liability for errors or omissions.
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