The Village | 2121 W Pensacola St
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The Village 2121 W Pensacola St
9,600 SF 100% Leased Retail Building Tallahassee, FL 32304 £1,248,008 (£130/SF)
Investment Highlights
- Excellent Stabilized Asset & Investment
- Below Replacement Cost
- Pylon Sign
- Value-Add Opportunity (Below Market Rents)
- Prime Retail Location
- 0.9 Miles From FSU & 1.1 Miles From TCC
Executive Summary
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 Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,600 SF
Building Class
C
Year Built
1986
Price
£1,248,008
Price Per SF
£130
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Land Acres
0.92 AC
Zoning
UT
Parking
35 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
179 ft on W Pensacola St
Amenities
- Dedicated Turn Lane
Bike Score ®
Very Bikeable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 21-34-20-646-000.0 | Improvements Assessment | £360,364 |
| Land Assessment | £148,944 | Total Assessment | £509,308 |
PROPERTY TAXES
Parcel Number
21-34-20-646-000.0
Land Assessment
£148,944
Improvements Assessment
£360,364
Total Assessment
£509,308
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Peter Gonzalez -
Power Broker Debbie Ashlin -
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The Village | 2121 W Pensacola St
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