2031-2041 W Pensacola St | Tallahassee, FL 32304
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2031-2041 W Pensacola St
Tallahassee, FL 32304
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Total Land Area | 0.53 AC |
| Property Subtype | Storefront Retail/Office | Year Built | 1986 |
| Gross Leasable Area | 6,660 SF | Parking Ratio | 4.2/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,660 SF |
| Total Land Area | 0.53 AC |
| Year Built | 1986 |
| Parking Ratio | 4.2/1,000 SF |
About the Property
This is a 6,660 sf retail strip in the center of Florida State. The current price is not based on cap as we have 2 vacancies of recent. The center is out of times and rents are way below market. This is a very promising value add deal with fully occupied retail all around. Our estimate is that you can purchase at today's price, renovate, and re-lease at market rates to have this center operate at a 8 CAP! Many similar redevelopment projects have occurred in this corridor within the past 24 months.
- Pylon Sign
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