609 Railroad Sq - Warehouse FOR SALE


Tallahassee, FL 32310
$595,000 USD
850-228-5035
609 Railroad Sq, Tallahassee, FL for Sale
$595,000 USD
Warehouse - FOR SALE
1/17
null | Request Cap Rate

609 Railroad Sq
Tallahassee, FL 32310


HIGHLIGHTS

  • Central Location with lots of adjacent walking, bike, and car traffic
  • Fenced-in Back Yard along Cascades Trail Greenway and FAMU Way road
  • Former Performing Arts Theater with 2nd story loft / mezzanine

OVERVIEW

This building has ~4,000sqft on the ground floor level with a ~1,000sqft upstairs loft/mezzanine. It includes 3 bathrooms, 15 parking spaces, approximately 2,000sqft of conditioned space, and a private fenced-in backyard facing FAMU Way. The building was damaged in the May 2024 Tornado and subsequently renovated and repaired, to include a full structural engineering study (deeming it secure), a brand new metal roof (2024), and a number of interior improvements. The current tenant, North Flora Collective, is a retail plant store and greenhouse with a hospitality component. They could stay as a tenant or be relocated with 90 days notice. 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. 609 Railroad Square is considered to be "Site #4" and amounts to 0.25 acres. Other sites for sale include: Site #1 - 625 Railroad Square - 1.02 acres - LISTING: https://www.loopnet.com/Listing/625-Railroad-Sq-Tallahassee-FL/34767061/ Site #2 - 633, 635, & 637 Railroad Square - 1.45 acres - 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/ 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.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Site #4 - 4,000+sqft building & 0.25acre

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Garden Center, Storefront, Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25

LAND SF

10,890

ZONING

UT

APN/PARCEL ID

41-01-40-00E-003.0

ASK ABOUT THIS PROPERTY

Adam KayeArt District Real EstateMore Info
850-228-5035

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Adam KayeArt District Real EstateMore Info
850-228-5035

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