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2870 Apalachee Pky 2,440 SF Retail Building Tallahassee, FL 32301 $1,575,000 ($645.49/SF)
Executive Summary
Stirling Properties is excited to bring to market for sale this freestanding 2,616 SF Guthrie's, available at $1,573,500 (6.5% cap rate), located on Apalachee Pkwy (35,000 CPD) and near Capital Cir SE (41,000 CPD). This is a leased investment offering, ideal for a 1031 exchange buyer or investor seeking stabilized real estate with in-place income. The site offers excellent visibility and access on Apalachee Pkwy.
Located along one of Tallahassee's most stable, recession-resistant corridors, the area is anchored by state government, higher education, and healthcare, with Florida State and Florida A&M combining for over 65,000 students just a mile away.
Nearby national retailers and restaurants include Target, Starbucks, ALDI, Culver's, Jimmy John's, Whataburger, McDonald's, Zaxby's, Popeyes, Dunkin', KFC, Wendy's, and a newly developed Raising Cane's.
Located along one of Tallahassee's most stable, recession-resistant corridors, the area is anchored by state government, higher education, and healthcare, with Florida State and Florida A&M combining for over 65,000 students just a mile away.
Nearby national retailers and restaurants include Target, Starbucks, ALDI, Culver's, Jimmy John's, Whataburger, McDonald's, Zaxby's, Popeyes, Dunkin', KFC, Wendy's, and a newly developed Raising Cane's.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,440 SF
Building Class
B
Year Built
1983
Price
$1,575,000
Price Per SF
$645.49
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.26 AC
Zoning
CP - Planned Commercial
Parking
15 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
129’ on Apalachee
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-04-20-013-000.0 | Improvements Assessment | $361,673 |
| Land Assessment | $384,202 | Total Assessment | $745,875 |
Property Taxes
Parcel Number
31-04-20-013-000.0
Land Assessment
$384,202
Improvements Assessment
$361,673
Total Assessment
$745,875
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