1501 Governors Sq Blvd, Tallahassee, FL 32301-3020
- Theaters & concert halls
- 50,484 SF
- 5.87 lot acres
Current Use by Public Records
- Regal Governor's Square / Cinema / Theater & Performing Art Venue
- Governor’s Square - JCPenney / Parking Lot & Garage
Property Details for 1501 Governors Sq Blvd
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 5.87 lot acres
- Property type
- Theaters & concert halls
- APN
- 11-32-20-621-000-0
- APU
- 1132206210000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 29, 2025 | $4,050,000 | Florida State University Brd Of Tru | Realty Income Properties 10 LLC | Special Warranty Deed | — |
| May 24, 2019 | $5,730,900 | Realty Income Prop 10 LLC | Regal Cinemas INC | Grant Deed | — |
| Jul 27, 2005 | $3,446,900 | Regal Cinemas INC | Eastern Federal Corp | Grant Deed | — |
Description
This exceptional 43,242-square-foot single-tenant retail property, formerly a theater, presents a unique investment opportunity in Tallahassee, Florida. Built in 1996 with durable block construction, the building sits on a substantial 5.91-acre lot boasting 262 parking spaces. Its strategic location on the Governors Square Mall ring road provides unparalleled visibility and accessibility. The property benefits from its proximity to major retail anchors including Governors Square Mall (JC Penney, Macy's, and Dillard's) and the Governor's Marketplace power center (Marshall's, ULTA, Old Navy, Five Below, Petco, and Urban Air). Furthermore, its location is just 1.5 miles from the Florida State Capitol Building and Downtown Tallahassee's extensive state-owned/leased office space, and approximately 2.5 miles from Florida State University and Florida A&M University, ensuring a large and diverse potential customer base. The property is zoned AC - Activity Center and has a Leon County APN of 1132206210000. With its significant size, ample parking, and prime location, this property is ideal for a variety of retail uses. The property taxes are $2 per square foot. The entire building is currently vacant.
Value Estimations
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,910,000
- RESTAURANT
- $4,585,000
- MEDICAL BUILDING
- $4,485,000
- NEIGHBORHOOD: SHOPPING CENTER
- $4,210,000
- WAREHOUSE, STORAGE
- $4,050,000
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Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2579
- Latitude
- 30.4384
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
