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3197 Merchants Row Blvd
Tallahassee, FL 32311 Southwood

$6,064,651 USD

Storefront For Sale  •  32,590 SF

Property Details

  • Property Type Storefront
  • Total Building Size 32,590 SF
  • Lot Size 1.24 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.71 %
  • Tenancy Multiple
  • Zoning M-I
18 Transit Score
25 Walk Score

Highlights

This performing shopping center is 95.7% leased to an attractive regional & local tenant mix, with significant upside to lease the final vacancy.
Sitting within the SouthWood Master Planned Community, this prime retail location offers excellent visibility, easy access, and ample parking.
Tenants carry net lease with scheduled increases, ensuring this as a low maintenance investment with dependable revenue.
The property benefits from access to a strong student population from Florida State and Florida A&M University, both reachable in approx. 15 mins.
Cap Rate: 6.71 %

Public Transportation

AirportDriveWalkDistance
Tallahassee International 17 min - 9.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jessica Harris 904-513-7390 Horvath & Tremblay
Jessica Harris 904-513-7390 Horvath & Tremblay