952 Tharpe StTallahassee, FL 32303

Property Details for 952 Tharpe St

Year built

2022

Construction

WOOD

Lot size

0.02 AC

Property size (Sq ft)

675 SF

Property type

Retail properties

Property subtype

Retail space

APN

21-23-24-000-200-0

APU

2123240002000

Description

This exceptional 800-square-foot retail property, located at 952 W Tharpe St in Tallahassee, Florida, 32303, presents a unique investment opportunity. Built in 2022, this Class A building features a highly desirable dual drive-thru configuration, perfect for quick-service restaurants or similar businesses. The single-tenant building is situated on a prominent corner lot at the intersection of Old Bainbridge Road and W Tharpe Street, benefiting from significant daily traffic volume. Its strategic location within a larger plaza, adjacent to a newly developed four-tenant strip center and a Family Dollar, ensures high visibility and accessibility. The property's proximity to multiple schools and Florida State University guarantees a consistent flow of potential customers, making it an ideal location for businesses targeting families and students. The one-story building offers 800 square feet of space, providing ample room for operations. This is a newly constructed, free-standing building representing a rare opportunity in a high-traffic area with strong demographics.

• CAP approach

  CAP return

  Valuation

  6%

  $133,879

  6.5%

  $123,580

  7%

  $114,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,924

  Geo Method

  $120,924

• Alternative Use

  Use

  Valuation

  Residential

  $104,245

  Hospitality

  $95,487

  Educational

  $79,444

  Medical

  $82,177

  Retail

  $123,580

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4641

Longitude

-84.2991

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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