2020 Apalachee Pkwy Tallahassee, FL 32301
For Lease
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This exceptional multi-tenant retail development in Tallahassee, Florida, offers 15,000 square feet of prime commercial space on a 2.73-acre lot. Located at 2020 Apalachee Parkway, this property boasts over 365 feet of frontage, ensuring high visibility and accessibility for businesses. The site benefits from exceptional daily traffic counts exceeding 35,000 vehicles on Apalachee Parkway, placing it in a high-demand commercial corridor. Its strategic location directly across from a top-performing Target store, which attracts over 1.7 million annual visitors, and less than half a mile from Governor's Square Mall (2.8 million annual visitors), guarantees a substantial customer base. The property is ideal for a variety of retail, restaurant, and service businesses, with spaces available ranging from 1,200 square feet to the entire 15,000 square feet. The presence of numerous hotels in the immediate vicinity further enhances the potential for attracting out-of-town customers. This development presents a unique opportunity to establish a thriving business in a high-traffic, high-visibility location within a thriving commercial area of Tallahassee, Leon County, Florida (zip code 32301). The property is zoned for retail and restaurant uses, and offers drive-thru capabilities. Minimum leasable space is 1,200 square feet.
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Quality Inn & Suites Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.