850 Gadsden StTallahassee, FL 32301

Property Details for 850 Gadsden St

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.43 AC

Property size (Sq ft)

101,379 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

21-36-32-000-003-0

APU

2136320000030

Description

This exceptional Tallahassee property, located at 850 S Gadsden St, offers 17,570 square feet of vacant retail and restaurant space within a 16,195 square foot building situated on a 24-acre lot. The property boasts multiple tenancy options, with spaces ranging from a minimum of 1,170 square feet to a maximum contiguous space of 5,590 square feet, providing flexibility for various business needs. Ample parking is available with 250 spaces. This location benefits from its proximity to Tallahassee's Cascades Project, a significant economic development initiative generating substantial economic impact and job creation. The Cascades Project features a mix of residential, retail, office, and hospitality spaces, creating a vibrant and thriving community. The property's strategic location offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a prominent presence in a rapidly growing area of Tallahassee, Florida. The property is located in Leon County and has a 32301 zip code. This is a unique chance to establish a business within a dynamic and well-planned development, benefiting from increased foot traffic and community engagement.

• CAP approach

  CAP return

  Valuation

  6%

  $30,849,462

  6.5%

  $28,476,426

  7%

  $26,442,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,161,724

  Geo Method

  $18,161,724

• Alternative Use

  Use

  Valuation

  Residential

  $24,020,932

  Hospitality

  $22,003,044

  Educational

  $18,306,274

  Medical

  $18,935,856

  Retail

  $28,476,426

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4349

Longitude

-84.2789

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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