Log In/Sign Up
Your email has been sent.
Site #1 - 16 retail units, 13k+ sqft 625 Railroad Sq 13,724 SF 100% Leased Industrial Building Tallahassee, FL 32310 $3,203,636 CAD ($233.43 CAD/SF) 8.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Longterm landbank opportunity with interim cash-flow as-is
- adjacent to parks, ponds, and trails
- Overlooking FSU Stadium
EXECUTIVE SUMMARY
625 Railroad Square is a ripe investor opportunity to "land bank" a prime redevelopment opportunity located within the Railroad Square Art District which is a short walk to both FSU, FAMU, and Downtown. This 16 units, 13,200sqft building on 1.02 acres, tenant uses include retail storefronts, restaurants, and artist workshops. The building fronts the Coal Chute Pond, Cascades Trail, FAMU Way, and the FAMU Way skatepark. The trail surrounding the pond has many amenities including a 1/4 mile walking/jogging path, benches, picnic tables, and interactive musical stations. The building is on the other side of the pond from Collegetown and Gaines St, including the Urban Enclaves development of over 1500 residents in a single development. The property also overlooks the FSU Doak Campbell stadium. Operate it "as-is" and cash flow these 16 rental units until you are ready to pursue the significant redevelopment opportunity to build housing, hotel, retail, or mixed use development, as 5 stories high and 50/units per acre are allowed in the UT zoning.
Multiple Sites in Railroad Square Art District are also listed FOR SALE on Loopnet.com. See photos of this listing showing the site map and all 4 sites for sale. Purchase this site individually or combine it with others for a larger master planned development.
625 Railroad Square is considered to be "Site #1" and amounts to 1.02 acres. Other sites for sale include:
Site #2 - 633, 635, & 637 Railroad Square - 1.45 acres - LISTING: https://www.loopnet.com/Listing/635-Railroad-Sq-Tallahassee-FL/34771230/
Site #3 - Multiple Railroad Square addresses - 3.15 acres - LISTING: https://www.loopnet.com/Listing/650-Railroad-Sq-Tallahassee-FL/34771981/
Site #4 - 609 Railroad Square - 0.25 acres - LISTING: https://www.loopnet.com/Listing/609-Railroad-Sq-Tallahassee-FL/34757408/
Property is listed by Broker-Owner, who intends to keep a portion of the existing property, not listed for sale, and continue to operate it as a creative retail, arts, and entertainment district which will serve as an amenity to any other adjacent developments.
Multiple Sites in Railroad Square Art District are also listed FOR SALE on Loopnet.com. See photos of this listing showing the site map and all 4 sites for sale. Purchase this site individually or combine it with others for a larger master planned development.
625 Railroad Square is considered to be "Site #1" and amounts to 1.02 acres. Other sites for sale include:
Site #2 - 633, 635, & 637 Railroad Square - 1.45 acres - LISTING: https://www.loopnet.com/Listing/635-Railroad-Sq-Tallahassee-FL/34771230/
Site #3 - Multiple Railroad Square addresses - 3.15 acres - LISTING: https://www.loopnet.com/Listing/650-Railroad-Sq-Tallahassee-FL/34771981/
Site #4 - 609 Railroad Square - 0.25 acres - LISTING: https://www.loopnet.com/Listing/609-Railroad-Sq-Tallahassee-FL/34757408/
Property is listed by Broker-Owner, who intends to keep a portion of the existing property, not listed for sale, and continue to operate it as a creative retail, arts, and entertainment district which will serve as an amenity to any other adjacent developments.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$348,980
|
$25.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,449
|
$1.27
|
| Effective Gross Income |
$331,531
|
$24.16
|
| Taxes |
$16,070
|
$1.17
|
| Operating Expenses |
$30,536
|
$2.22
|
| Total Expenses |
$46,606
|
$3.40
|
| Net Operating Income |
$284,925
|
$20.76
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $348,980 |
| Annual Per SF | $25.43 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,449 |
| Annual Per SF | $1.27 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $331,531 |
| Annual Per SF | $24.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,070 |
| Annual Per SF | $1.17 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,536 |
| Annual Per SF | $2.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,606 |
| Annual Per SF | $3.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $284,925 |
| Annual Per SF | $20.76 |
PROPERTY FACTS
AMENITIES
- Waterfront
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Chill Roadside Bar
- -
- -
- -
- -
- Crystal Portal
- -
- -
- -
- -
- Halisi Africa Restaurant
- -
- -
- -
- -
- Skinner Jeans
- Retailer
- -
- -
- -
- Talquin Trading
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Chill Roadside Bar | - | - | - | - | ||
| Crystal Portal | - | - | - | - | ||
| Halisi Africa Restaurant | - | - | - | - | ||
| Skinner Jeans | Retailer | - | - | - | ||
| Talquin Trading | - | - | - | - |
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 41-01-40-00B-001.0 | Total Assessment | $900,039 CAD (2024) |
| Land Assessment | $192,625 CAD (2024) | Annual Taxes | $16,070 CAD ($1.17 CAD/SF) |
| Improvements Assessment | $707,414 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
41-01-40-00B-001.0
Land Assessment
$192,625 CAD (2024)
Improvements Assessment
$707,414 CAD (2024)
Total Assessment
$900,039 CAD (2024)
Annual Taxes
$16,070 CAD ($1.17 CAD/SF)
Tax Year
2025
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Site #1 - 16 retail units, 13k+ sqft | 625 Railroad Sq
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.