220 W Tennessee St - Restaurant FOR SALE


Tallahassee, FL 32301- Governor's Walk
$1,300,000 USD
850-545-5649
220 W Tennessee St, Tallahassee, FL for Sale
$1,300,000 USD
Restaurant - FOR SALE
1/2
null | Request Cap Rate

220 W Tennessee St
Tallahassee, FL 32301
Governor's Walk


HIGHLIGHTS

  • High Traffic - 38,000+ ADT
  • 4 Blocks from Downtown/State Capitol
  • Wide range of commercial uses allowed
  • Redevelopment potential

OVERVIEW

Prime retail investment opportunity in downtown Tallahassee, FL consisting of a 4,846 SF former restaurant building on .93 acres. Located on a high-traffic corner, just 4 blocks from the Florida State Capitol Building and 3 blocks from Florida State University, the property is best suited for redevelopment. The "Central Core" (CC) Zoning allows for a variety of intense commercial uses such as a restaurant, bank, hotel, medical, auto rental or high density residential; up to 150 units per acre.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$268 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

Central Core

APN/PARCEL ID

21-36-40-229-405.0

ASK ABOUT THIS PROPERTY

Jim Taube, CCIMNAI TALCORMore Info
850-545-5649

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Jim Taube, CCIMNAI TALCORMore Info
850-545-5649

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