3513 Apalachee PkwyTallahassee, FL 32311

Property Details for 3513 Apalachee Pkwy

Year built

2003

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

2,485 SF

Property type

Retail properties

Property subtype

Banks

APN

31-03-45-000-004-0

APU

3103450000040

Description

This exceptional retail property, a former bank branch, offers 2,485 square feet of space situated on a 0.9-acre lot in Tallahassee, Florida. Located at 3513 Apalachee Parkway, near the intersection of Apalachee Parkway and Capital Circle, this single-tenant building boasts excellent highway visibility and accessibility. Built in 2003, the one-story structure features 16 parking spaces and benefits from full primary access as well as secondary access to two lighted intersections. The property enjoys a high traffic count of approximately 31,000 vehicles daily, making it an ideal location for a variety of businesses. Its previous use as a drive-thru bank suggests suitability for similar businesses, including fast food restaurants, financial institutions, car washes, healthcare facilities, or auto-related businesses. The property is available for sale or lease and presents a compelling opportunity for investors and entrepreneurs seeking a high-traffic location with significant visibility in a thriving Tallahassee market. The property's location on a Wal-Mart outparcel further enhances its desirability and potential for success.

• CAP approach

  CAP return

  Valuation

  6%

  $645,236

  6.5%

  $595,603

  7%

  $553,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $445,180

  Geo Method

  $445,180

• Alternative Use

  Use

  Valuation

  Residential

  $502,413

  Hospitality

  $460,208

  Educational

  $382,888

  Medical

  $396,056

  Retail

  $595,603

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4277

Longitude

-84.2151

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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