1501 Governors Sq Blvd Tallahassee, FL 32301-3020
- Theaters & concert halls
- 50,484 SF
- 5.87 lot acres
Oct 29, 2024
Current Use by Public Records
- Regal Governor's Square / Movie Theater
- Governor’s Square - JCPenney / Parking Lot
Property Details for 1501 Governors Sq Blvd
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 5.87 lot acres
- Property size
- 50,484 SF
- Property type
- Theaters & concert halls
- APN
- 11-32-20-621-000-0
- APU
- 1132206210000
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 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
- -84.2579
- Latitude
- 30.4384
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
