For Sale
$1,400,000

1101 Magnolia DrTallahassee, FL 32301

Profitable Preschool, Downtown Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional, established preschool in downtown Tallahassee, Florida presents a unique investment opportunity. The 2,806 square foot facility, built in 1979 and renovated in 2012, sits on a 1.16-acre lot and is currently operating at 100% occupancy. Licensed for over 60 students, ranging from infants to Voluntary Pre-Kindergarten (VPK), it boasts seven fully furnished classrooms, a secure outdoor play area, and a separate office. The sale includes an adjacent 0.58-acre lot with preliminary city approvals for expansion, offering significant growth potential. The preschool features a strong reputation, primarily private-pay enrollment (excluding VPK), and includes all existing equipment, educational resources, and eleven current employees. Financial details, including revenue and operating expenses, are available upon request. The property is zoned OR-1 (Office Residential), allowing flexibility for future modifications. SBA financing is available, with the potential for approximately $85,000 annual profit after servicing the loan with a 15% down payment. This turnkey operation includes the business goodwill, real estate, trademark, and digital marketing platforms. The property offers ample parking and a well-designed playground. A separate storage building provides additional space for supplies and equipment. A comprehensive security system is in place. This is an ideal opportunity for an owner/user or investor seeking a profitable venture in a high-demand sector.

Highlights

  • Premium downtown Tallahassee location.
  • Established preschool with a primarily referral-based clientele.
  • Significant growth potential with an adjacent expandable lot.
  • Expansion potential with pre-approved adjacent 0.58-acre lot.
  • Strong revenue generation with 100% occupancy.
  • 2% commission offered to cooperating brokers.

Property Details for 1101 Magnolia Dr

Property type
Square Feet
2,806 SF
Class
B
Year Built/Renovated
1979/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Tallahassee
County
Leon
State
Florida
Latitude
30.4340694
Longitude
-84.26144
1101 Magnolia Dr, Tallahassee, Florida

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1101 Magnolia Dr
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