1016 Magnolia DrTallahassee, FL 32301

Property Details for 1016 Magnolia Dr

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

6,009 SF

Property type

Community centers

APN

11-31-20-454-000-0

APU

1131204540000

Description

This exceptional Class A retail property, located at 1016 S Magnolia Dr in Tallahassee, Florida (32301), offers 3,519 square feet of vacant space within a 10,305 square foot building situated on a 0.343-acre lot. The single-story building, constructed in 1964, features multiple tenancies and is zoned UP1. Units range from a minimum of 973 square feet to a maximum contiguous space of 2,546 square feet, providing flexibility for various retail concepts. The property boasts ample surface parking and enjoys a highly visible location near Apalachee Pkwy in Leon County (APN: 1131204540000). Its convenient location offers easy access to a vibrant area, including hotels, restaurants, and diverse shopping options within a one-mile radius. Furthermore, its proximity to Downtown Tallahassee (less than one mile) and Florida State University (under 10 minutes) ensures high foot traffic and a strong customer base. This presents a unique opportunity for businesses seeking a thriving retail environment in a dynamic and accessible location. The property's convenient central location within a shopping strip center makes it an ideal choice for businesses seeking high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,828,529

  6.5%

  $1,687,873

  7%

  $1,567,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,076,493

  Geo Method

  $1,076,493

• Alternative Use

  Use

  Valuation

  Residential

  $1,423,784

  Hospitality

  $1,304,178

  Educational

  $1,085,061

  Medical

  $1,122,378

  Retail

  $1,687,873

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4346

Longitude

-84.2622

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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