Medical Office Development Site

Office for Sale
Catylist Listing ID: 30443351
Property Subtypes: Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building
Building Size (RSF): 8,124 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $1,050,000
Unit Price: $129.25 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

SVN | Southland is pleased to offer for sale these professional office buildings in the Northeast node of Tallahassee. The site consists of 2 acres and is an ideal redevelopment site for medical office. There are currently two separate buildings on the property. The first is a 2,548 SF medical office building fronting Centerville Rd., and the second is a professional office building with 2 floors (2,652 SF upstairs, and 2,784 SF downstairs). The downstairs portion serves as warehouse space.

Additionally this site has a pre-engineered pad with 2,500 SF +/- of build-able area designed for a two story building. The property is zoned CM - Medical Art Commercial, which allows for use ranging from medical facilities and professional office, to banks and retail uses. The site has access from both Centerville Rd. and Welaunee Blvd (via easement).

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Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 1116204240000
Zoning: CM - MEDICAL ARTS COMMERCIAL
Property Located Between: Centerville Rd. & Welaunee Blvd.
Site Description: Conveniently located in the Northeast sector of Tallahassee, in the medical office district. Just South, across Welaunee Blvd is Capital Regional Medical Center, a fully accredited health care facility that offers 24/7 Emergency Services, with more than 1,100 employees, approximately 500 physicians, and 266 beds. The hospital is accompanied by multiple other medical businesses, such as: Tallahassee Cardiology Associates, GI Medical Specialists, and Tallahassee Podiatry Associates. This property also sits at the node of access to Tallahassee's most recent and desirable developments. "Canopy" a 508-acre Planned Unit Development (PUD) is currently in development just Northeast of the property, less than 1 mile from the site. This PUD has a mixture of residential housing, apartments, senior and assisted living facilities, along with a mix of medical and professional offices. Immediately East of the site is the Regional Center office park. This 300,000 SF +/- park has a multitude of medical and professional offices ranging from Vascular Surgery Associates to CPA and law offices.
Total Number of Buildings: 2
Typical SF / Floor: 2,500 SF
Year Built: 1975
Year Renovated: 1998
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,812 52,840 145,722
Median Age: 37.47 39.56 34.15
Households: 3,260 24,633 60,322

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