3507 Thomasville RdTallahassee, FL 32309

Property Details for 3507 Thomasville Rd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.84 AC

Property size (Sq ft)

6,942 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

11-05-20-403-000-0

APU

1105204030000

Description

This exceptional restaurant property, located at 3507 Thomasville Rd in Tallahassee, Florida, presents a lucrative investment opportunity. The 6,942 square foot building sits on a 0.84-acre lot (APN: 11-05-20-403-0000) and is zoned AC. Its prime location within Tallahassee's popular northeast retail corridor ensures high visibility and accessibility. The property benefits from its proximity to the I-10 Interchange and Capital Circle NE, with convenient access from Thomasville Road and additional rear access via the Publix Shopping Center. High traffic counts further enhance its appeal: 57,000 AADT heading north from Capital Circle NE onto Thomasville Road and 13,000 AADT heading south on Thomasville Road. This established restaurant is offered at an asking price of $2,850,000 and represents a unique chance to acquire a thriving business in a high-demand area. The property's strategic location and substantial traffic volume make it an ideal investment for experienced restaurateurs seeking expansion or new entrepreneurs looking to establish a successful culinary venture in a vibrant and growing market. The single-unit property is ready for immediate occupancy and offers significant potential for continued growth and profitability. This is a rare opportunity to own a well-established restaurant in a high-traffic area of Tallahassee.

• CAP approach

  CAP return

  Valuation

  6%

  $2,394,258

  6.5%

  $2,210,085

  7%

  $2,052,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,243,637

  Geo Method

  $1,243,637

• Alternative Use

  Use

  Valuation

  Residential

  $1,864,289

  Hospitality

  $1,707,679

  Educational

  $1,420,769

  Medical

  $1,469,631

  Retail

  $2,210,085

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.5077

Longitude

-84.2484

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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