3197 Merchants Row Blvd - Storefront FOR SALE


Tallahassee, FL 32311- Southwood
$5,990,000 USD
904-513-7390
3197 Merchants Row Blvd, Tallahassee, FL for Sale
$5,990,000 USD
Storefront - FOR SALE
1/9
null | 6.79% Cap Rate

3197 Merchants Row Blvd
Tallahassee, FL 32311
Southwood


HIGHLIGHTS

  • This performing shopping center is 95.7% leased to an attractive regional & local tenant mix, with significant upside to lease the final vacancy.
  • Sitting within the SouthWood Master Planned Community, this prime retail location offers excellent visibility, easy access, and ample parking.
  • Tenants carry net lease with scheduled increases, ensuring this as a low maintenance investment with dependable revenue.
  • The property benefits from access to a strong student population from Florida State and Florida A&M University, both reachable in approx. 15 mins.

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Southwood Town Center, a multi-tenant retail center located at 3196 & 3197 Merchants Row Boulevard in Tallahassee, Florida (the “Property”). Southwood Town Center is comprised of two (2) buildings totaling 32,590 square feet on a combined 1.24-acres of land. The Property is 95.77% leased to an attractive mix regional and local retailers and service tenants that serve the needs of the area residents. The Property is anchored by the TC Fitness and Parkway Baptist Church. Southwood Town Center also offers upside potential through the lease-up of the vacant unit comprising 1,378 square feet. Southwood Town Center is well located at the intersection of Merchants Row Boulevard with both Four Oaks Boulevard and Ivy Green Trail. Positioned within the SouthWood Master Planned Community, the Property spans a city block along both the north and south sides of Merchant Row Boulevard and enjoys excellent frontage and visibility, ease of access, and ample parking. Situated in the heart of a residential development, the property is seconds from several municipal complexes, including the Florida Department of Health, Florida Department of Revenue, and the Florida State University School District. The shopping center is convenient to Southwood Village, a Publix anchored shopping center, Capital Circle SE (US Route 319), the area’s primary commuter corridor, and is surrounded by residential neighborhoods that provide a built-in consumer base. Additionally, Southwood Town Center is 6 miles from Tallahassee’s Central Business District and Florida State University.

FOR SALE DETAILS

PRICE

$5,990,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southwood Town Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

M-I

APN/PARCEL ID

31-15-27-00G-001.0

ASK ABOUT THIS PROPERTY

Jessica HarrisHorvath & TremblayMore Info
904-513-7390

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Jessica HarrisHorvath & TremblayMore Info
904-513-7390

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