Tallahassee, Florida, is a prime location for investing in shopping centers, with its rich history, diverse economy, and strong educational institutions. As the state capital and county seat of Leon County, Tallahassee offers a unique blend of government, education, and research facilities, making it an attractive destination for businesses and residents alike. With a population of around 190,000, Tallahassee provides a sizable market for shopping centers, which can cater to the needs of students, professionals, and families. The city's hilly terrain and scenic beauty, with lakes and forests, make it an appealing place to live and work. Shopping centers in Tallahassee can benefit from the city's strong infrastructure, including the Tallahassee International Airport, major highways, and public transportation systems.
Tallahassee's shopping centers offer a range of investment opportunities, from small strip centers to large retail complexes. With 8 shopping centers for sale, investors can find properties that fit their needs and budget. The average price per square foot for shopping centers in Tallahassee is $490 USD, with an average size of 25,427 square feet. The largest shopping center available is 81,082 square feet. In addition to shopping centers, Tallahassee also offers opportunities to invest in restaurants, specialty properties, land, and office properties. For example, investors can find restaurants for sale near the Florida State University campus, specialty properties in the downtown area, land for development near the airport, and office properties in the Midtown district. With its diverse economy and strong educational institutions, Tallahassee is an attractive location for businesses and investors alike.
What is the average cap rate for shopping centers in Tallahassee?
The average cap rate for shopping centers in Tallahassee is 6.55%, with available listings totaling 8 and an average price per square foot of $490 USD.
