Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon
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Restaurant
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Restaurant
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(Bike/Boat/Book/etc) Store Alternative Medicine Practice
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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