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    OFF-MARKET
    Retail properties & Spaces

    East Capital Cir, Tallahassee, FL 32308

    9,000 SF 3.18 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.18-acre commercial development site, located on Capital Circle Northeast in Tallahassee, Florida (APN: 11-16-20-620-000), presents a rare opportunity for investors and developers. The property boasts two buildable pads, each approximately 6,000 square feet, ideal for retail or restaurant establishments. The site is master-planned for optimal functionality and includes existing infrastructure to streamline development. This includes approximately 220 parking spaces, completed stormwater management, curbing, and parking lot paving. Utilities are conveniently stubbed to the pad sites, minimizing construction time and costs. A significant advantage is the inclusion of climate-controlled storage located at the rear of the property. Furthermore, a planned 30,000 square foot retail building on the north portion of the site will enhance the overall appeal and foot traffic of the development. The pads are offered for sale individually, providing flexibility for various development scenarios, or they can be combined for a larger-scale project. The total site encompasses 9,000 square feet of buildable area, making it an attractive investment in a thriving Tallahassee location with zip code 32308. This property is situated in Leon County, Florida.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 9,000 SF
    Lot 3.18 ac (138,521 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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