Park on Park Office Complex

Office for Sale
Catylist Listing ID: 30680352
Property Subtypes: Business Park, Flex Space, Office Building
Building Size (RSF): 29,700 SF
Gross Land Area: 2.25 Acres
Sale Price: $2,850,000
Unit Price: $95.96 PSF
Property Use Type: Investment
Building Name: Park on Park Office Complex
Class of Space: Class B
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 85
Last Updated: 5/24/2021

Overview / Comments

This is a great East Park Ave location. The property offers a unique park like setting with ample front door parking. Located 1 mile from downtown Tallahassee. Ample nearby restaurants, hotels, shopping and parks.

87 on site parking spaces

Rents are below market; tremendous upside potential

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 1131202270000
Zoning: OFFICE RESIDENTIAL (OR-1)
Property Located Between: Magnolia and Franklin Blvd
Property Visibility: Excellent
Airports: TlLH
Site Description: Slopping from front to back.
Area Description: Great area of Tallahassee, very nice mix of business and residential.
Total Number of Buildings: 8
Number of Stories: 2
Year Renovated: 2017
Exterior Description: Buildings vary
Parking Type: Surface
Parking Description: 87 Existing, Parking Spaces
Total Parking Spaces: 87
Zoning Description: OR-1 - Office Residential 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,618 100,881 177,960
Median Age: 33.14 29.51 30.79
Households: 4,277 41,413 74,096

Contact

Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. TALrex.com Member
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