Priced Below Market

Office for Sale
Catylist Listing ID: 30519297
Property Subtypes: Office Building, Other
Building Size (RSF): 2,448 SF
Gross Land Area: 0.30 Acres
Sale Price: $245,000
Unit Price: $100.08 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 2,448 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

Priced well below market. Exact same size building sold last year for $290k. There are 2 separate Parcel ID's (2 office condos, 1224 SF each side), 3015, 3017 Powell Rd, being sold together "as is". Together there are 10 offices, 2 reception areas, 2 baths, a Kitchen and 1 large conference room. Needs cosmetic work and minor updates. Good access, and well located near restaurants, shopping and other offices. The condo fee is $3200 per year (for both sides) and includes building insurance, grounds, reserves for new roofs etc.... Call Jim for showings, Keys are in listing office.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: LEON
Tax ID/APN: 1127310000010, 1127310000020
Zoning: M-1
Area Description: NE Tallahassee, just off Mahan & Capital Circle NE (behind Honeybaked Ham)
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,448 SF
Year Built: 2003
Construction/Siding: Brick
Total Parking Spaces: 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,941 53,979 145,608
Median Age: 33.01 36.87 34.54
Households: 4,902 25,224 59,420


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