Governor’s Walk Portfolio

Office for Sale
Also listed as Vacant Land, Business Opportunity
Catylist Listing ID: 30393485
Property Subtypes: Office Building, Other
Building Size (RSF): 25,884 SF
Gross Building Area: See Agent
Gross Land Area: 2.26 Acres
Sale Price: $600,000 - 2,700,000
Unit Price: $23.18 - 104.31 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/16/2019

Overview / Comments

**Contains 3 properties and can be sold separately.**
Governor’s Walk Portfolio is situated right in between Midtown and Downtown Tallahassee and is one block away from the Florida Governor's Mansion. The portfolio consists of an impervious ½ block of land primed for redevelopment given is favorable CU‐45 zoning, and the 2 vacant office buildings which present a unique value add or owner occupant situation. The properties can be purchased altogether, individually, or any combination thereof. With 1,824 businesses and an average daytime population of 43,877 within a 1 mile radius, this has proven to be one of the most vibrant areas of our Capital City.

209 W. Georgia can be purchased along with the rest of the portfolio, individually, or any combination thereof. If properties A&B were to be jointly purchased for developable land, the total acreage would be 2.01 acres. The 1,100 SF building on the property is currently being leased for $1,850/month.

This 12,000 SF office at 208 W. Carolina can be positioned as a value add office building or be purchased for it’s land totaling 0.67 acres. This property can be purchased along with the rest of the portfolio, individually, or any combination thereof. If properties A&B were to be jointly purchased for developable land, the total acreage would be 2.01 acres.

This 13,884 SF office at 502 N. Adams is a prime value add opportunity for a buyer looking to invest in downtown Tallahassee. This property can be purchased along with the rest of the portfolio, individually, or any combination thereof. The property is currently generating $9,000/month.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2136402494140, 2136402464125, 2136401843925
Area Description: In between Midtown and Downtown Tallahassee and also one block away from Florida Governor's Mansion.
Total Number of Buildings: 2
Zoning Description: CU-45

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,174 112,998 176,325
Median Age: 26.65 28.15 30.89
Households: 6,825 47,386 73,336

Contact

Photograph of Listing Agent

E. Edward Murray, Jr., SIOR, CCIM

NAI TALCOR TALrex.com Member
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