Restaurant Space with
For Sale
Contact for pricing
1416 W Tennessee St, Tallahassee, FL 32304
Restaurant suite featuring a patio, providing an outdoor dining option for food and beverage operators.
Property Size16,278 SF
Price / SF$0.01
Days on Market141
Property Features for 1416 W Tennessee St
General Information
Standard status
Active
Size
16,278 SF
Property subtype
Retail
Lease Term
MG
Building Details
Building Size
16,278 SF
Properties For Sale
at 1416 W Tennessee St
1416 W Tennessee St
Size
3,000 SF
Term
Negotiable
Listed By:
Lewis Buford
(850) 591-6363
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 16
Last Checked: Oct 19 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lewis Buford
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Investment Insights
Based on property information with market context.
A 3,000 SF restaurant space is available, designed to support day-to-day foodservice operations with an included patio area. The offering is positioned for a tenant or operator that values additional outdoor seating and an expanded guest experience beyond the interior dining room.
The space is located at 1416 W Tennessee St in Tallahassee, Florida. Availability is indicated for lease, making it a practical option for culinary concepts and restaurateurs looking to secure a defined, turnkey-type dining footprint with patio space included.
From a tenant fit perspective, this property is best suited to restaurant operators who want an outdoor component that can help differentiate the guest experience. With a specific restaurant configuration and dedicated patio, it may be especially appealing for those planning a program centered on in-house dining rather than quick-service-only models. If you’re evaluating spaces for a new location or a planned expansion, this layout offers a clear foundation for building a patio-forward dining offering within the broader restaurant floorplan.
The space is located at 1416 W Tennessee St in Tallahassee, Florida. Availability is indicated for lease, making it a practical option for culinary concepts and restaurateurs looking to secure a defined, turnkey-type dining footprint with patio space included.
From a tenant fit perspective, this property is best suited to restaurant operators who want an outdoor component that can help differentiate the guest experience. With a specific restaurant configuration and dedicated patio, it may be especially appealing for those planning a program centered on in-house dining rather than quick-service-only models. If you’re evaluating spaces for a new location or a planned expansion, this layout offers a clear foundation for building a patio-forward dining offering within the broader restaurant floorplan.
Key Highlights
- 3,000 SF restaurant space available for lease
- Includes patio for outdoor dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,263
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,260
$685.3K
Cap Rate 7%
$489,471
$489.5K
Cap Rate 9%
$380,700
$380.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$48.6K $16.20/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$45.7K $15.23/SF
− OpEx
−$11.4K −$3.81/SF
NOI
$34.3K $11.42/SF
Area
Tallahassee, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,260
Cap Rate 7%
$489,471
Cap Rate 9%
$380,700
Alternative Uses
Best Use
Specialty Retail
$489.5K
$428.3K – $571.1K
NOI $34,263 @ 7.0% cap · market cap 137,052.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.5K
$643.5K – $858.1K
NOI $51,483 @ 7.0% cap · market cap 205,932.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
245k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 10%
Hotels & Casinos 3%
Beauty & Spa 1%
Chick-fil-A
Dining
28,997 visits/mo
0.2 miles
Chick-fil-A
Dining
28,116 visits/mo
0.3 miles
Whataburger
Dining
20,218 visits/mo
0.3 miles
Taco Bell
Dining
18,378 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
16,098 visits/mo
0.4 miles
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Suwannee Room — William Johnston Building, 143 Honors Way, Tallahassee, FL 32304
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant suite featuring a patio, providing an outdoor dining option for food and beverage operators.
Where is this conventional restaurant located?
The property is located at 1416 W Tennessee St Tallahassee, FL.
What are key features of this property?
This property features: 3,000 SF restaurant space available for lease; Includes patio for outdoor dining
