954 Tharpe St Tallahassee, FL 32303
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.