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Property profile & analytics
FOR SALE
Restaurants

220 W Tennessee St Tallahassee, FL 32303

Built 1969
Property ID
US18-Q001384
Property summary
AI-generated overview

Introducing a prime retail investment opportunity located at 220 W. Tennessee St., Tallahassee, FL. Consisting of a 4,846 SF former restaurant building, the property is located on a high-traffic corner, just 4 blocks from the Florida State Capitol Building and 3 blocks from Florida State University. Ideally situated in the heart of Tallahassee, the “Central Core” (CC) Zoning allows for a variety of intense commercial uses such as a restaurant, bank, hotel, auto rental or high density residential; up to 150 units per acre. With other redevelopment projects taking place nearby, this property offers endless potential for lucrative redevelopment. This property presents an outstanding opportunity for retail investors looking to capitalize on a thriving market. Take advantage of this prime offering and unlock the full potential of this remarkable investment. High traffic corner location: 38,300 AADT 4 Blocks from Florida State Capitol Building 3 Blocks from Florida State University Restaurant site or redevelopment

Property profile
Verified
Property type Restaurants
Year built 1969
UPID US18-Q001384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fast Payday Loans, Inc. Loan Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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