818 Brevard StTallahassee, FL 32304

Property Details for 818 Brevard St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

2,128 SF

Property type

Turn key restaurants

APN

21-26-53-002-005-0

APU

2126530020050

Description

This exceptional investment opportunity encompasses an entire city block near Florida State University on West Brevard Street in Tallahassee, Florida. The property consists of 1.71 acres and includes multiple buildings and vacant lots, all zoned CU-18. The assemblage offers significant potential for redevelopment or continued operation as a mixed-use property. Currently, the income-generating components include a food truck tenant generating $2,500 monthly rent, a tenant-occupied building at 808 W. Brevard St. (998 sq ft) with $1,000 monthly rent, and a duplex at 804 W. Brevard St. (912 sq ft) generating $1,400 monthly rent. Additionally, a commercial building at 820, 818, and 816 W. Brevard St. (totaling 2,128 sq ft) is currently owner-occupied, along with two other owner-occupied buildings on the property. A vacant duplex at 800 W. Brevard St. (2,188 sq ft) and a vacant lot at 706 Dean St. (0.07 acres) present further development opportunities. Buyer is responsible for verifying all square footage. This is a rare chance to acquire a substantial, income-producing property in a high-demand area. The property's strategic location near FSU ensures strong tenant demand and future appreciation potential. All parcels are zoned CU-18.

• CAP approach

  CAP return

  Valuation

  6%

  $647,547

  6.5%

  $597,736

  7%

  $555,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,224

  Geo Method

  $381,224

• Alternative Use

  Use

  Valuation

  Residential

  $504,212

  Hospitality

  $461,856

  Educational

  $384,259

  Medical

  $397,474

  Retail

  $597,736

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4493

Longitude

-84.2961

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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