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.

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

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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


Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial Member
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