1501 Governors Square BlvdTallahassee, FL 32301

Property Details for 1501 Governors Square Blvd

Year built

1996

Construction

FRAME

Lot size

5.87 AC

Property size (Sq ft)

50,484 SF

Property type

Sports & entertainment properties

Property subtype

Theaters & concert halls

APN

11-32-20-621-000-0

APU

1132206210000

Description

This exceptional 43,242-square-foot single-tenant retail property, formerly a theater, presents a unique investment opportunity in Tallahassee, Florida. Built in 1996 with durable block construction, the building sits on a substantial 5.91-acre lot boasting 262 parking spaces. Its strategic location on the Governors Square Mall ring road provides unparalleled visibility and accessibility. The property benefits from its proximity to major retail anchors including Governors Square Mall (JC Penney, Macy's, and Dillard's) and the Governor's Marketplace power center (Marshall's, ULTA, Old Navy, Five Below, Petco, and Urban Air). Furthermore, its location is just 1.5 miles from the Florida State Capitol Building and Downtown Tallahassee's extensive state-owned/leased office space, and approximately 2.5 miles from Florida State University and Florida A&M University, ensuring a large and diverse potential customer base. The property is zoned AC - Activity Center and has a Leon County APN of 1132206210000. With its significant size, ample parking, and prime location, this property is ideal for a variety of retail uses. The property taxes are $2 per square foot. The entire building is currently vacant.

• Alternative Use

  Use

  Valuation

  Residential

  $11,961,774

  Hospitality

  $10,956,921

  Educational

  $9,116,030

  Medical

  $9,429,544

  Retail

  $14,180,490

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4384

Longitude

-84.2579

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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