3020 W Pensacola St | Tallahassee, FL 32304
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3020 W Pensacola St
Tallahassee, FL 32304
Walker Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located directly across the street from Tallahassee Community College (TCC)
- ±3 minutes away from national retailers such as Publix, Target, etc.
- Landlord has sole financial responsibility of roof and structure of the building with tenants reimbursing for expenses
- Minutes away from Florida State University (FSU)
- FSU has a total of 45,000 students and TCC’s student body has about 11,000 students – totaling 56,000 students within a 2 mile radius
- INCOME TAX FREE STATE – Florida is one of 9 states in the USA with no income tax
EXECUTIVE SUMMARY
Walker Plaza recently had two brand new leases executed and with minimal landlord responsibilities, it is a great opportunity for 1031 exchange buyers and anyone looking for stable income. Parcel Size: ±1.74 AC, Landlord Responsibility: Roof and Structure. Occupancy: 100% (3 Tenants)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,438 SF
Building Class
B
Year Built
2014
Price
$1,771,957
Price Per SF
$325.85
Cap Rate
7%
NOI
$124,070
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.74 AC
Opportunity Zone
Yes
Zoning
C2-General Commercial - Commercial Business
Parking
46 Spaces (8.45 Spaces per 1,000 SF Leased)
Frontage
233’ on W Pensacola
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 21-33-05-000-001.0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $744,354 |
PROPERTY TAXES
Parcel Number
21-33-05-000-001.0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$744,354
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
