1968 W Tennessee St - Restaurant FOR SALE


Tallahassee, FL 32304- University
$3,390,000 USD
689-666-9560
1968 W Tennessee St, Tallahassee, FL for Sale
$3,390,000 USD
Restaurant - FOR SALE
1/5
null | 7.25% Cap Rate

1968 W Tennessee St
Tallahassee, FL 32304
University


HIGHLIGHTS

  • Florida State University: Located 0.25 miles away from Florida State University, home to 46,184 students.
  • National Retail Hub: Anchored by national tenants like Publix, Target, and Adli in close proximity to the property.
  • Highest Traffic Location: Positioned on a hard corner lighted intersection, W Tennessee Street has the highest traffic counts for any road surrounding

OVERVIEW

STNL.com is pleased to present this 100% fee simple STNL The Flowery cannabis dispensary located in the heart of Tallahassee, FL located within Florida State University. Three reasons to own this property include: 1. Florida State University: Located approximately 0.25 miles from Florida State University, which enrolls 46,184 students. The property benefits from immediate access to this large student population, driving consistent daily traffic and supporting nearby retail demand. 2. Retail Hub: Located within a dense retail corridor anchored by nationally recognized tenants such as Publix and Target, both situated directly across the street from the subject property. The corridor is home to a variety of national retailers, reflecting strong tenant demand and a well-established retail market. 3. Investment-Grade Location: Positioned along West Tennessee Street, one of Florida State University's primary thoroughfares. With traffic counts exceeding 43,500 vehicles per day, the property offers strong visibility and access, supporting its position as an investment-grade location.

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$678 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CP

APN/PARCEL ID

21-27-20-450-000.0

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.