The Village

2121 West Pensacola Street Tallahassee, FL 32304

2121 West Pensacola Street, Tallahassee, FL, 32304
2121 West Pensacola Street, Tallahassee, FL, 32304 2121 West Pensacola Street, Tallahassee, FL, 32304 2121 West Pensacola Street, Tallahassee, FL, 32304 2121 West Pensacola Street, Tallahassee, FL, 32304 2121 West Pensacola Street, Tallahassee, FL, 32304 2121 West Pensacola Street, Tallahassee, FL, 32304
FOR SALE
Property Type:
Strip Center
Amount:
$1,595,000
Last Verified:
Oct 20, 2023

Highlights

  • Excellent Stabilized Asset & Investment
  • Value-Add Opportunity (Below Market Rents)
  • Prime Retail Location
  • 0.9 Miles From Florida State University
  • 1.1 Miles From Tallahassee Community College
  • Pylon Sign & Ample Parking
  • Multiple Tenants - High Demand Unit Sizes

Description

The Village is a retail strip that is very well maintained, and strategically located on W Pensacola Street, between Florida State University and Tallahassee Community College, in Tallahassee, Florida. There are a total of 7 units in The Village, ranging in size from 750 SF to 2,000 SF.

This stabilized property provides an investor with a great opportunity of acquiring an excellent value-add retail asset, that has a tremendous upside, by increasing the below market rents over the next couple of years. Another option, and/or exit strategy in the future, would be to redevelop the property, which is sitting on 0.92 acres of prime commercial real estate.

Tallahassee, which is the Capital of Florida, has a significant amount of government employees, lobbying organizations, trade and professional associations, as well as approximately 70,000 college students.

PLEASE DO NOT DISTURB THE TENANTS!!

The Village is located on W Pensacola Street, between Florida State University and Tallahassee Community College.


Year Built: 1986
Building Size: 9254sq ft
Lot Size: 0.92 acres

Map of 2121 West Pensacola Street, Tallahassee, FL, 32304

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.