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Medical Office Building - Tallahassee, FL 1100 E Tennessee St 3,448 SF Office Building Tallahassee, FL 32308 $520,640 CAD ($151.00 CAD/SF)
Investment Highlights
- Dense trade area with over 180,000 residents within a five-mile radius and traffic counts exceeding 32,000 vehicles per day along E Tennessee Street.
- Highly adaptable asset suitable for urgent care, specialty medical, dental, imaging, therapy, or medical office conversion.
- Offered below replacement cost, with comparable vacant properties trading at under $130 per SF.
- Prime positioning on E Tennessee Street, a major east-west corridor providing seamless access to Downtown Tallahassee, I-10, and the medical district.
- Compelling value-add opportunity with the ability to lease at current market rents of approximately $19 to $22 NNN, driving meaningful NOI growth.
Executive Summary
Introducing a prime opportunity for office building investors in the Tallahassee area. This distinguished property boasts a 3,448 SF building constructed in 1988, offering the ideal combination of space and history. With 2 well-appointed units, this property presents a versatile investment option with the potential for dual tenancy or a single-occupant venture. Its strategic location and timeless architecture make it a standout choice for those seeking to establish a presence in this thriving area. Don't miss the chance to make this distinguished property the cornerstone of your office building investment portfolio.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,448 SF
Building Class
C
Year Built/Renovated
1988/2017
Price
$520,640 CAD
Price Per SF
$151.00 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,448 SF
Building FAR
0.13
Lot Size
0.63 AC
Zoning
OR1
Parking
7 Spaces (2.03 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 11-31-74-00B-025.1 | Improvements Assessment | $423,263 CAD |
| Land Assessment | $187,643 CAD | Total Assessment | $610,906 CAD |
Property Taxes
Parcel Number
11-31-74-00B-025.1
Land Assessment
$187,643 CAD
Improvements Assessment
$423,263 CAD
Total Assessment
$610,906 CAD
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Medical Office Building - Tallahassee, FL | 1100 E Tennessee St
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