Log In/Sign Up
Your email has been sent.
950 W Tharpe St 5,500 SF 78% Leased Retail Building Tallahassee, FL 32303 $1,470,000 ($267.27/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 280 ft Frontage on W Tharpe St
- Near lighted intersection
- NOI based on 100% Occupancy
EXECUTIVE SUMMARY
Introducing an exceptional opportunity in Tallahassee, FL: 950 W Tharpe St. This remarkable property features a 5,010 SF building with 4 units, offering a prime investment potential. Built in 2018, the building boasts modern construction and design, appealing to savvy retail/street retail investors. With a 50% occupancy rate, there is significant room for growth and value addition. Don't miss out on the chance to acquire this attractive property in a thriving location, poised for success
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,500 SF
Building Class
B
Year Built
2018
Price
$1,470,000
Price Per SF
$267.27
Cap Rate
7%
NOI
$102,900
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.90 AC
Zoning
Commercial
Parking
13 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
280’ on W Tharpe St.
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
2nd generation restaurant space Hood installed with some kitchen appliances and prep equipment onsite for tenant use
| Space | Size | Space Use | Position | Available |
| 101 | 1,218 SF | Retail | End Cap | Now |
101
| Size |
| 1,218 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
101
| Size | 1,218 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
2nd generation restaurant space Hood installed with some kitchen appliances and prep equipment onsite for tenant use
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-23-24-000-100.0 | Improvements Assessment | $757,827 |
| Land Assessment | $180,287 | Total Assessment | $938,114 |
PROPERTY TAXES
Parcel Number
21-23-24-000-100.0
Land Assessment
$180,287
Improvements Assessment
$757,827
Total Assessment
$938,114
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
950 W Tharpe St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.