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3020 W Pensacola St

5,438 SF 100% Leased Retail Building Tallahassee, FL 32304 £1,386,468 (£255/SF) 7% Net Initial Yield

Investment Highlights

  • Located directly across the street from Tallahassee Community College (TCC)
  • ±3 minutes away from national retailers such as Publix, Target, etc.
  • Landlord has sole financial responsibility of roof and structure of the building with tenants reimbursing for expenses
  • Minutes away from Florida State University (FSU)
  • FSU has a total of 45,000 students and TCC’s student body has about 11,000 students – totaling 56,000 students within a 2 mile radius
  • INCOME TAX FREE STATE – Florida is one of 9 states in the USA with no income tax

Executive Summary

Kyle Matthews
License No. BK3554632 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,438 SF
Building Class
B
Year Built
2014
Price
£1,386,468
Price Per SF
£255
Net Initial Yield
7%
NOI
£97,079
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.07
Land Acres
1.74 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C2-General Commercial
Parking
46 Spaces (8.45 Spaces per 1,000 SF Leased)
Frontage
233 ft on W Pensacola

Amenities

  • Pylon Sign
  • Drive Thru

Links

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Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 21-33-05-000-001.0 Improvements Assessment £0
Land Assessment £0 Total Assessment £582,420

PROPERTY TAXES

Parcel Number
21-33-05-000-001.0
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£582,420
(305) 845-0231

  • Listing ID: 33251491

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 3020 W Pensacola St, Tallahassee, FL 32304

The Retail Property at 3020 W Pensacola St, Tallahassee, FL 32304 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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