Vacant Retail Site on Capital Circle NW

Land | For Sale | $500,000 | 77,536 sqft

Broker/Owner will build to suit, ground lease, or sell the subject property. The site is located just south of Interstate 10 in front of the Sleep Inn Hotel in Tallahassee, FL. The site is also across the street from the Lowe’s Superstore and Capital Walk Apartments. The Capital Walk Apartment complex contains 268 units and is currently 89% occupied. There is an 80 room Comfort Inn hotel in permitting on the property adjacent
to Sleep Inn. The stormwater treatment facility for the subject property is on site and in place, but may require additional expansion or maintenance prior to use. The property has a south bound median cut for left-in directional access from Capital Circle NW. The site was previously permitted as a convenience store with gas.
Acreage– 1.775 (Approximately 1.36 developable)
Leon County Tax ID # 21-19-51-009-1086
Zoning– Commercial Parkway
2009 Real estate taxes- $5,542.76
SALES PRICE $500,000.00
LEASE PRICE- $50,000.00 annually NNN

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