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    1355 Apalachee Pkwy Tallahassee, FL 32301

    For Lease
    $26 SF/Yr ($11,700 /Mo)

    Second-generation restaurant space with high visibility on Apalachee Parkway.

    Property size:
    5,400 SF
    Lot size:
    2.94 Acres

    Property Features for 1355 Apalachee Pkwy

    General Information

    Size
    5,400 SF
    Lot size
    2.94 Acres

    Source: Stirling | Pensacola Agent Shawn Maxey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Tallahassee, Florida

    This second-generation restaurant opportunity is located at 1355 Apalachee Parkway in Tallahassee, Florida. The former Applebee’s space offers approximately 5,400 square feet of restaurant space with visibility and direct frontage along Apalachee Parkway, which has a traffic count of 32,500 AADT. The property is strategically positioned in one of Tallahassee’s active retail corridors, adjacent to the 148-room Wyndham hotel, and near Florida State University (with over 45,000 students), Florida A&M University (with over 10,000 students), and approximately 1 mile from the State of Florida Capitol. The location includes dedicated on-site parking, signage, and existing restaurant infrastructure. The 5,400 square feet layout includes a bar, kitchen, and dining area. The surrounding area includes national retailers such as Target, DSW, Chick Fil A, Starbucks, Winn-Dixie, Ulta, and Marshalls. This location is suitable for national, regional, or local operators seeking a visible presence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wyndham Garden Tallahassee ... Hotel hotel Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    GoWaiter of East Tallahassee

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2603203
    Latitude
    30.4357115

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    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant space with high visibility on Apalachee Parkway.
    Where is this restaurant located?
    The property is located at 1355 Apalachee Pkwy Tallahassee, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey second-generation restaurant space (\u00b15,400 SF) with existing bar, kitchen, and dining area.; - High-visibility location on Apalachee Parkway with 32,500 AADT.; - Strategically positioned in a high-traffic retail corridor near Florida State University, Florida A&M University, and the State Capitol.
    (850) 240-1252
    Request Owner's contact information
    1355 Apalachee Pkwy Tallahassee, FL 32301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1355 Apalachee Pkwy Tallahassee, FL 32301
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