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220 W Tennessee St 4,846 SF Retail Building Tallahassee, FL 32301 $1,813,760 CAD ($374.28 CAD/SF)
INVESTMENT HIGHLIGHTS
- High Traffic - 38,000+ ADT
- Wide range of commercial uses allowed
- 4 Blocks from Downtown/State Capitol
- Redevelopment potential
EXECUTIVE SUMMARY
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.
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PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,846 SF
Building Class
C
Year Built
1969
Price
$1,813,760 CAD
Price Per SF
$374.28 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.93 AC
Zoning
Central Core - Central Core Zoning allows a number of intense commercial units and up to 150 dwelling units per acre.
Parking
38 Spaces (7.84 Spaces per 1,000 SF Leased)
Frontage
255’ on W Tennessee St
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-36-40-229-405.0 | Improvements Assessment | $367,608 CAD |
| Land Assessment | $735,719 CAD | Total Assessment | $1,103,327 CAD |
PROPERTY TAXES
Parcel Number
21-36-40-229-405.0
Land Assessment
$735,719 CAD
Improvements Assessment
$367,608 CAD
Total Assessment
$1,103,327 CAD
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220 W Tennessee St
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