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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

954 Tharpe St Tallahassee, FL 32303

800 SF 0.2 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant 800-square-foot convenience store building on a 0.2-acre lot in Tallahassee, Florida. Built in 2022, the single-story structure features a double drive-thru, offering significant potential for various retail uses. The property boasts excellent visibility and frontage along West Tharpe Street and Old Bainbridge Road, benefiting from a combined daily traffic count exceeding 45,000 vehicles. Its strategic location provides close proximity to Florida State University (FSU), Florida A&M University (FAMU), Tallahassee Community College (TCC), two high schools, and one middle school, ensuring a substantial customer base. The asking price is $1,500,000, translating to $1,875 per square foot. This property is offered as a sale by owner and presents a rare chance to acquire a prime retail location in a thriving area of Tallahassee. The property is currently vacant, allowing for immediate occupancy and customization to suit a wide range of retail businesses. The convenient double drive-thru design enhances operational efficiency and customer accessibility. This is an ideal opportunity for investors seeking a high-traffic, well-located retail property with significant growth potential.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
Total area 800 SF
Lot 0.2 ac (8,712 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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