Property profile

102 Dixie Dr Tallahassee, FL 32304

OFF-MARKET
Retail properties & Spaces
Property ID
US18-2361882
2,652 SF 0.55 ac lot Built 1954
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Property summary

AI-generated overview

This exceptional storefront property at 102 Dixie Drive, Tallahassee, Florida, presents a remarkable investment opportunity. Boasting 2,652 square feet, this vacant retail space is situated on a 0.55-acre lot and benefits from excellent visibility and ample parking. The building, constructed in 1954 and renovated in 2005, features a brick and stucco façade. Its UT zoning allows for a variety of uses. The property enjoys a strategic location on busy Pensacola Street, surrounded by student housing, restaurants, and other retail establishments, ensuring high foot traffic and visibility. With an impressive 29,867 Annual Average Daily Traffic (AADT) on Pensacola Street, this location offers unparalleled access to a large customer base. The property's versatile nature makes it ideal for a range of businesses, including but not limited to hair salons, daycare centers, gyms, veterinary clinics, or restaurants with drive-thru capabilities. The asking price is $445,000. This is a rare chance to acquire a well-located, established retail space with significant potential for growth and profitability in a thriving Tallahassee market. The property's address is 102 Dixie Dr, Tallahassee, FL 32304. A second address listed is 2430 W Pensacola St, Tallahassee, FL 32304.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1954
Total area 2,652 SF
Lot 0.55 ac (23,958 SF)
UPID US18-2361882

Cap rate & NOI

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

Location

102 Dixie Dr Tallahassee, FL 32304
Tallahassee metro
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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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