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    111 Magnolia Dr Tallahassee, FL 32301

    Sponsored
    For Lease
    $12 SF/Yr ($20,000 /Mo)

    Tallahassee storefront, multiple units, high visibility.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at 111 South Magnolia Drive in Tallahassee, Florida, within the vibrant Magnolia Park Shopping Center. The property, built in 1987, boasts a total of 20,000 square feet, with 14,194 square feet currently vacant and available for lease. Multiple units are available, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 5,731 square feet, offering flexibility for various retail businesses. The property sits on a generous 10.48-acre lot in Leon County, providing ample space and visibility. The shopping center features a beautiful brick courtyard, a central fountain, and lush landscaping, creating a tranquil and inviting atmosphere for shoppers. This prime location benefits from its proximity to established and successful businesses, including Little Italy, Dorothy's Skin Care, Journey's in Yoga, Children's Health Associates, and the Children's Campaign of Florida, ensuring high foot traffic and brand synergy. The property's address is 111 South Magnolia Drive, Tallahassee, FL 32301. This is an ideal location for businesses seeking high visibility and a strong presence in a thriving Tallahassee community. The property offers a unique blend of established success and significant potential for growth.

    Property Features for 111 Magnolia Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    20000

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    1B
    Size
    4,871 SF
    Rate per SF
    $12
    Space
    1G
    Size
    2,368 SF
    Rate per SF
    $12
    Space
    2A
    Size
    5,731 SF
    Rate per SF
    $12
    Space
    2B
    Size
    3,663 SF
    Rate per SF
    $12

    HighLights

    • 1,000‑5,731 SF of retail space available for lease.
    • First and second floor spaces available with elevator access.
    • High‑visibility corner location at Magnolia Dr. and Park Ave.
    • Attractive courtyard setting with landscaping.
    • Prominent signage opportunities on three major roads.
    • High traffic count of 38,000 cars per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Redbox Movie Rental Kiosk Joseph P. Peacock, ... Pharmacy Dr. John M. ... Pediatrician Masoud Sakhaei Pediatrician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2599798
    Latitude
    30.4409863

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    FAQs

    What type of property is this?
    Individual retail property - Tallahassee storefront, multiple units, high visibility.
    Where is this individual retail property located?
    The property is located at 111 Magnolia Dr Tallahassee, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,000-5,731 SF of retail space available for lease.; First and second floor spaces available with elevator access.; High-visibility corner location at Magnolia Dr. and Park Ave.
    Request Owner's contact information
    111 Magnolia Dr 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
    111 Magnolia Dr Tallahassee, FL 32301
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