Downtown Tallahassee Office Building For Sale

Office for Sale
Catylist Listing ID: 30458697
Property Subtypes: Office Building
Building Size (RSF): 14,607 SF
Gross Land Area: 0.12 Acres
Sale Price: $1,950,000
Unit Price: $133.50 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Outstanding Owner User/Investor Opportunity Available in Downtown Tallahassee!!! WITH GREAT PARKING !!! This property is perfect for an owner user that would also like investment income from existing tenants already in the building. The first and third floors are currently leased to credit tenants and the second floor, which is approximately 4,800sf, is available for occupancy. The second floor space is currently occupied by Beck Partners, an affiliate of the ownership entity. Beck Partners would vacate the property or leaseback a portion of the second floor should potential buyers not need the entire floor. The building itself has been recently remodeled with new exterior improvements, such as installing modern windows, fresh paint, new entrance and exit doors, while also tackling the hurdle of downtown parking. Key features such as the multipurpose Press Room (also Conference room), close proximity to the Capitol, and the fact the owner has under contract the adjacent property to allow for 15 additional on-site parking spaces makes this property unique from any other in downtown. Furthermore, the property is in walking distance of the Leon County Courthouse, State Capitol Building, City Hall and is among the landmark office buildings in downtown. It is strategically located within close proximity to various restaurants, hotels and numerous other commercial venues. Building signage is also available so don't miss this opportunity to put your signature on the downtown market!

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Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2136250761310
Property Visibility: Excellent
Site Description: On E College Ave. Says, "Florida Press Center" 3 story office building
Number of Stories: 3
Year Built: 1988
Total Parking Spaces: 5
Legal Description: O P S 100 FT OF W 53 FT OF E 1/2 OF LOT 76 OR 1309/1140 2098/887

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,420 106,607 173,726
Median Age: 28.75 28.6 30.65
Households: 4,708 44,391 72,312


Photograph of Listing Agent

Fletcher Dilmore

Beck Partners CRE, LLC Member
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