1100 E Tennessee St - Medical FOR SALE


Tallahassee, FL 32308- Old Town
$431,000 USD
843-380-8650
1100 E Tennessee St, Tallahassee, FL for Sale
$431,000 USD
Medical - FOR SALE
1/3
null | Request Cap Rate

1100 E Tennessee St
Tallahassee, FL 32308
Old Town


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.
  • Prime positioning on E Tennessee Street, a major east-west corridor providing seamless access to Downtown Tallahassee, I-10, and the medical district.
  • Highly adaptable asset suitable for urgent care, specialty medical, dental, imaging, therapy, or medical office conversion.
  • Compelling value-add opportunity with the ability to lease at current market rents of approximately $19 to $22 NNN, driving meaningful NOI growth.
  • Offered below replacement cost, with comparable vacant properties trading at under $130 per SF.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$431,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Medical Office Building - Tallahassee, FL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

OR1

APN/PARCEL ID

11-31-74-00B-025.1

ASK ABOUT THIS PROPERTY

Zack BoalsSands Investment GroupMore Info
843-380-8650

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Zack BoalsSands Investment GroupMore Info
843-380-8650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.