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    FOR SALE
    Turn key restaurants

    3507 Thomasville Rd, Tallahassee, FL 32309

    6,942 SF 0.84 ac lot Built 1986
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US18-4295590
    Property summary
    AI-generated overview

    This exceptional restaurant property, located at 3507 Thomasville Rd in Tallahassee, Florida, presents a lucrative investment opportunity. The 6,942 square foot building sits on a 0.84-acre lot (APN: 11-05-20-403-0000) and is zoned AC. Its prime location within Tallahassee's popular northeast retail corridor ensures high visibility and accessibility. The property benefits from its proximity to the I-10 Interchange and Capital Circle NE, with convenient access from Thomasville Road and additional rear access via the Publix Shopping Center. High traffic counts further enhance its appeal: 57,000 AADT heading north from Capital Circle NE onto Thomasville Road and 13,000 AADT heading south on Thomasville Road. This established restaurant is offered at an asking price of $2,850,000 and represents a unique chance to acquire a thriving business in a high-demand area. The property's strategic location and substantial traffic volume make it an ideal investment for experienced restaurateurs seeking expansion or new entrepreneurs looking to establish a successful culinary venture in a vibrant and growing market. The single-unit property is ready for immediate occupancy and offers significant potential for continued growth and profitability. This is a rare opportunity to own a well-established restaurant in a high-traffic area of Tallahassee.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1986
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,942 SF
    Lot 0.84 ac (36,590 SF)
    APN 11-05-20-403-000-0
    UPID US18-4295590
    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
    • Panda Buffet Restaurant Buffet
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.48M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.07M
    Blend (final) Blend
    $1.51M
    Owner & transaction history
    Rui Di Thong · 3 yrs held
    Rui Di Thong
    since 2022
    Last sale
    $1.5M
    3 recorded transactions
    2022
    $1.5M
    2014
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $2.1M +21.9%
    Neighborhood: shopping center $2.0M +12.4%
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    More about this property
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