4051 Lagniappe Way 101 Tallahassee, FL 32317-1201
Exceptional opportunity to acquire a prime 20,000 square foot commercial land parcel situated within the thriving Fallschase Village Center in Northeast Tallahassee, Florida. This single-tenant pad site boasts exceptional visibility on Lagniappe Way, strategically positioned between a Dollar Tree and Walmart. The property benefits from its location within a high-traffic retail corridor, boasting an impressive 38,000 AADT (Average Annual Daily Traffic) at the Lagniappe Way and Mahan Drive intersection. Existing tenants in the plaza include well-established national retailers such as Boot Barn, Bass Pro Shops, and Costco, ensuring a strong and diverse tenant mix. Further enhancing the location's appeal are nearby CMX Cinemas, Academy Sports, Burger King, Subway, McDonald's, Applebees, and a Patients First Walk-In Clinic, along with numerous other national and local businesses and professional services. The surrounding area is also characterized by a significant concentration of high-end apartment complexes and single-family homes, providing a substantial residential base for the retail center. This property is zoned for retail development and offers the flexibility of a ground lease or build-to-suit option, catering to a variety of development scenarios. The site is fully entitled for the construction of up to 20,000 square feet of retail space. This presents a rare opportunity to establish a presence in a highly desirable and rapidly growing retail market. Located in Leon County, Florida, with the address 4051 Lagniappe Way, Tallahassee, FL 32317.
-
Boot Barn Clothing & Fashion Store
-
Dollar Tree Discount Store
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
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.