18958 Blountstown HwyTallahassee, FL 32310

Property Details for 18958 Blountstown Hwy

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.00 AC

Property size (Sq ft)

1,553 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

43-08-20-676-000-0

APU

4308206760000

Description

This exceptional commercial property, located at 18958 Blountstown Highway in Tallahassee, Florida, presents a unique investment opportunity. Spanning two acres of land, the 1,553 square foot building is currently configured as a tire store, but its versatile design and prime location make it perfectly suited for a variety of commercial ventures. The high-traffic area ensures excellent visibility and accessibility for customers, making it an ideal spot for a convenience store, or other retail establishment. Alternatively, the property's spacious layout and ample land could easily accommodate an industrial business needing both indoor and outdoor space. The asking price is $205,000, representing a compelling value for a property with such strong potential in a thriving Tallahassee market. The existing structure provides a solid foundation for immediate occupancy or renovation, allowing for customization to meet the specific needs of a new business. Serious inquiries are encouraged to explore the possibilities this property offers. This is a rare opportunity to acquire a well-situated commercial property in a desirable location with significant growth potential. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $416,811

  6.5%

  $384,749

  7%

  $357,267

• Comparable approach

  Method

  Valuation

  Relative Method

  $278,215

  Geo Method

  $278,215

• Alternative Use

  Use

  Valuation

  Residential

  $324,550

  Hospitality

  $297,286

  Educational

  $247,338

  Medical

  $255,845

  Retail

  $384,749

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4068

Longitude

-84.5616

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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