950 Tharpe St Tallahassee, FL 32303
- Land
- 0.67 lot acres
Current Use by Public Records
- All Star cuts and styles / Hair Salon
- Florida Wing Factory Express Tharpe St / Chicken Wings Restaurant / Delivery Restaurant
- Chicken Shack / Chicken Restaurant
- Mr smoke shop Tallahassee | HOOKAH | HQD | LOST MARY | RAZ | THCA | DELTA 9 | KRATOM | OPMS | / Vaporizer Store
- Jackson Hewitt Tax Service / Tax Preparation / Tax Consultant
Property Details for 950 Tharpe St
- Lot size
- 0.67 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2989
- Latitude
- 30.4642
