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Tallahassee Retail Destination For Lease
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1654 Governors Square Blvd, Tallahassee, FL 32301

Open-air retail destination with high visibility and traffic.

Space Size3,721 SF - 21,780 SF
Property Size244,947 SF
Days on Market1270

Property Features for 1654 Governors Square Blvd

General Information

Standard status Active
Size 3,721 SF - 21,780 SF
Class A
Total Parking Spaces 1415
Property subtype Retail, Office, Restaurant

Building Details

Building Size 244,947 SF
Year Built 2004
Tenancy Multiple

Spaces For Lease

at 1654 Governors Square Blvd Contact us

Suite 8

Size
3,721 SF
Type
Office, Retail
Availability
Active
Contact us

OUTPARCEL A

Size
21,780 SF
Type
Office, Restaurant, Retail
Availability
Active
Contact us

Suite 19

Size
8,500 SF
Type
Office, Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Mishorim Gold Properties
Listed By: Keren Gold · License #FLBO
Source: Crexi
Added: Mar 8, 2023 Changed: Aug 8 Last Checked: Aug 29 at 4:12AM

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 Mishorim Gold Properties

Investment Insights

Based on property information with market context.

Governors Marketplace is a 244,947 square feet open-air retail destination in Tallahassee. It is strategically located across from Governors Square Mall. Together, these centers form the heart of Tallahassee’s primary retail corridor. The location draws millions of shoppers annually. The center features a national tenant roster, including Old Navy, Kirkland’s, Ulta, Michaels, Marshalls, Men’s Wearhouse and Aspen Dental. The property sits within a retail node that encompasses more than 9.8 million square feet of surrounding retail within three miles. The property benefits from visibility along Magnolia Drive (30,000 VPD), East Park Avenue (22,000 VPD), and Governors Square Boulevard (11,500 VPD), supported by multiple ingress/egress points, including two signalized intersections. The trade area continues to experience population and income growth, with more than 488,000 residential units and average household incomes exceeding $74,673 within ten miles. Governors Marketplace offers an opportunity for retail, dining, medical, fitness, entertainment, and service-oriented tenants.

Key Highlights

  • Premier location across from Governors Square Mall, in Tallahassee's primary retail corridor.
  • Strong tenant roster featuring high‑performing national tenants like Old Navy, Kirkland’s, Ulta, and Marshalls.
  • High traffic & visibility on Magnolia Drive (30,000 VPD), East Park Avenue (22,000 VPD), and Governors Square Boulevard (11,500 VPD).

Property Analytics

Current Use

Governor's Marketplace Shopping Center & Mall

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Real Estate Agency Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,236
Businesses Nearby
Well-served
Demand for This Use

Demographics for 32301, FL

29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Governors Point 2110 Apalachee Pkwy, Tallahassee, FL 32301
  • Alpha Omega Internet & Digital Solutions 1500 Apalachee Pkwy, Tallahassee, FL 32301
  • Gulf Wind Shopping Center 1480 Apalachee Pkwy, Tallahassee, FL 32301
  • Governor's Square 1500 Apalachee Pkwy, Tallahassee, FL 32301
  • Governors square Mall Governors Square Blvd, Tallahassee, FL 32301

Frequently Asked Questions

What type of property is this?
Shopping center - Open-air retail destination with high visibility and traffic.
Where is this shopping center located?
The property is located at 1654 Governors Square Blvd Tallahassee, FL.
What are key features of this property?
This property features: Premier location across from Governors Square Mall, in Tallahassee's primary retail corridor.; Strong tenant roster featuring high‑performing national tenants like Old Navy, Kirkland’s, Ulta, and Marshalls.; High traffic & visibility on Magnolia Drive (30,000 VPD), East Park Avenue (22,000 VPD), and Governors Square Boulevard (11,500 VPD).
(407) 636-1266 Call to check price and availability
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