2121 Pensacola St, Tallahassee, FL 32304
9,600 SF | 93% Leased | Retail Building | Tallahassee, FL 32304 | $1,595,000 ($166/SF)
For Sale
Active
Asking Price $1,595,000
- Property Type
-
Retail
- Square Feet
- 9,600 SF
- Price / Square Foot
- $166
Listing Contacts
Peter Gonzalez
Debbie Ashlin
Property 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!!
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!!
Property Details
- Class
- C
- Year Built
- 1986
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 40,075 SF
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
All available spaces
- Space
- 1st Fl-Ste 1
- Size
- 700 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].