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    950 Tharpe St Tallahassee, FL 32303

    For Sale
    $550,000

    Prime Tallahassee Build-to-Suit Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.67-acre commercial land parcel in Tallahassee, Florida, presents a unique build-to-suit opportunity. Located at 950 W Tharpe St, in Leon County (zip code 32303), this C-2 zoned property is ideally situated adjacent to a thriving four-tenant strip center and a Family Dollar, indicating strong surrounding commercial activity and high visibility. The site is ready for immediate development, with all utilities already in place. The existing infrastructure includes stormwater management solutions for the mostly impervious area. This dual drive-thru pad site is designed to accommodate a variety of uses, including restaurant, retail, or bank spaces, ranging from 1,200 to 2,500 square feet. One drive-thru lane is already under contract. The property is offered at $550,000. The current owners are open to building to suit and leasing back a portion of the space under a triple-net lease (NNN) agreement, with a target rent of approximately $20 per square foot, subject to plan review and approval. This presents a compelling investment opportunity for developers and businesses seeking a prime location in a rapidly growing area. The property's strategic location and build-to-suit potential make it an attractive proposition for those seeking a turnkey solution in a high-traffic area.

    Property Features for 950 Tharpe St

    General Information

    Property type
    Land
    Lot Size
    29,185 SF

    HighLights

    • Build‑to‑suit opportunity available with a potential 20‑year NNN leaseback, subject to plan approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    All Star cuts ... Hair Salon Florida Wing Factory ... Chicken Wings Restaurant Chicken Shack Chicken Restaurant Mr smoke shop ... Vaporizer Store Jackson Hewitt Tax ... Tax Preparation

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2988473
    Latitude
    30.4641711

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    FAQs

    What type of property is this?
    Land - Prime Tallahassee Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 950 Tharpe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Build-to-suit opportunity available with a potential 20-year NNN leaseback, subject to plan approval.; ;
    (850) 545-2282
    Request Owner's contact information
    950 Tharpe St Tallahassee, FL 32303
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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
    950 Tharpe St Tallahassee, FL 32303
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