3507 Thomasville Rd Tallahassee, FL 32309
- Turn key restaurants
- 6,942 SF
- 0.84 lot acres
Current Use by Public Records
- Panda Buffet / Buffet Restaurant
Property Details for 3507 Thomasville Rd
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.84 lot acres
- Property size
- 6,942 SF
- Property type
- Turn key restaurants
- APN
- 11-05-20-403-000-0
- APU
- 1105204030000
Description
This exceptional restaurant property, located at 3507 Thomasville Rd in Tallahassee, Florida, presents a lucrative investment opportunity. The 6,942 square foot building sits on a 0.84-acre lot (APN: 11-05-20-403-0000) and is zoned AC. Its prime location within Tallahassee's popular northeast retail corridor ensures high visibility and accessibility. The property benefits from its proximity to the I-10 Interchange and Capital Circle NE, with convenient access from Thomasville Road and additional rear access via the Publix Shopping Center. High traffic counts further enhance its appeal: 57,000 AADT heading north from Capital Circle NE onto Thomasville Road and 13,000 AADT heading south on Thomasville Road. This established restaurant is offered at an asking price of $2,850,000 and represents a unique chance to acquire a thriving business in a high-demand area. The property's strategic location and substantial traffic volume make it an ideal investment for experienced restaurateurs seeking expansion or new entrepreneurs looking to establish a successful culinary venture in a vibrant and growing market. The single-unit property is ready for immediate occupancy and offers significant potential for continued growth and profitability. This is a rare opportunity to own a well-established restaurant in a high-traffic area of Tallahassee.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,350,000
- 6.5%
- $1,260,000
- 7%
- $1,255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,485,000
- Geo Method
- $1,520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,545,000
- Retail
- $1,565,000
- Mixed-Use
- $1,415,000
- Hospitality
- $1,230,000
- Educational
- $1,455,000
- Residential Income
- $1,395,000
- Energy
- $1,390,000
- Income-Based Land
- $1,250,000
- Food Service
- $1,630,000
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2484
- Latitude
- 30.5077
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
