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000- Fully Built-Out Florida Restaurant For Sale! Tallahassee, FL 32308

OFF-MARKET Retail properties & Spaces Google Maps
1,652 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Prime Midtown Tallahassee location offers a fully built-out, 1,652 sq ft restaurant for sale at $59,000. This leased space boasts a fully equipped kitchen featuring a walk-in cooler, freezers, griddle, prep lines, ovens, fryers, hot wells, prep tables, ample sinks, an ice machine, a POS system, and extensive storage. The dining area comfortably seats up to 39 guests with existing tables and chairs included. The current lease, expiring November 29, 2025, has a monthly rent of $4,300, covering CAMS, taxes, and insurance. This high-traffic location in Midtown Tallahassee sees over 40,000 cars daily, benefiting from morning commuters, lunch crowds, dinner patrons, and significant weekend activity. The restaurant is not a franchise and inventory is not included in the asking price. Seller financing is unavailable. This turnkey opportunity allows for immediate operation with minimal upfront investment, making it ideal for entrepreneurs seeking a ready-to-go establishment in a thriving business corridor. The space is adaptable to various restaurant concepts. This is a rare chance to acquire an established restaurant space at a significantly reduced price, offering substantial potential for growth and profitability in a bustling area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,652 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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