1875 Oak Ridge RdTallahassee, FL 32305

Property Details for 1875 Oak Ridge Rd

Year built

2001

Construction

FRAME

Lot size

2.48 AC

Property size (Sq ft)

2,520 SF

Property type

Retail properties

Property subtype

Community centers

APN

33-08-20-423-001-0

APU

3308204230010

Description

This exceptional retail investment opportunity presents a prime location in Woodville, a submarket of Tallahassee, Florida. The property, situated at 1875 Oak Ridge Rd E, 32305, comprises two single-story buildings totaling 15,093 square feet, constructed in 2001. The property sits on a 2.48-acre lot and offers ample parking with 65 spaces. The zoning is C-2, allowing for a variety of commercial uses. Currently featuring six suites, the property offers flexible space options, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,200 square feet. One space is currently available. The property benefits from excellent visibility due to its location on Woodville Highway, offering significant exposure to high traffic volume. The property's APN is 33-08-20-423-001.0. This is an ideal opportunity for investors seeking a well-located retail property in a thriving Tallahassee submarket. The property features convenient access and is situated near the intersection of Oak Ridge Rd E and Woodville Highway. No elevators are present. The property is located in the Tallahassee submarket, specifically the Woodville submarket cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $654,324

  6.5%

  $603,992

  7%

  $560,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,450

  Geo Method

  $451,450

• Alternative Use

  Use

  Valuation

  Residential

  $509,490

  Hospitality

  $466,690

  Educational

  $388,280

  Medical

  $401,634

  Retail

  $603,992

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.321

Longitude

-84.2482

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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