2121 W Pensacola St - Storefront FOR SALE


Tallahassee, FL 32304
$1,595,000 USD
850-510-7864
2121 W Pensacola St, Tallahassee, FL for Sale
$1,595,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

2121 W Pensacola St
Tallahassee, FL 32304


HIGHLIGHTS

  • Excellent Stabilized Asset & Investment
  • Value-Add Opportunity (Below Market Rents)
  • Below Replacement Cost
  • Prime Retail Location
  • Pylon Sign
  • 0.9 Miles From FSU & 1.1 Miles From TCC

OVERVIEW

The Village is a retail strip that is very well maintained, and strategically located on W Pensacola Street, between Florida State University and Tallahassee Community College, in Tallahassee, Florida. There are a total of 7 units in The Village, ranging in size from 750 SF to 2,000 SF. This stabilized property provides an investor with a great opportunity of acquiring an excellent value-add retail asset, that has a tremendous upside, by increasing the below market rents over the next couple of years. Another option, and/or exit strategy in the future, would be to redevelop the property, which is sitting on 0.92 acres of prime commercial real estate. Tallahassee, which is the Capital of Florida, has a significant amount of government employees, lobbying organizations, trade and professional associations, as well as approximately 70,000 college students. Please execute and email us the attached Confidentiality Agreement, so we can email you the Offering Memorandum. PLEASE DO NOT DISTURB THE TENANTS!! SHOWN BY APPOINTMENT ONLY!!

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

UT

APN/PARCEL ID

21-34-20-646-000.0

ASK ABOUT THIS PROPERTY

Peter GonzalezNAI TALCORMore Info
850-510-7864

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Peter GonzalezNAI TALCORMore Info
850-510-7864

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