Medical Office Building – Tallahassee, FL

1100 E Tennessee St, Tallahassee, FL 32308, USA

Sands Investment Group is pleased to exclusively offer for sale the prime opportunity for office building investors in the Tallahassee area. This distinguished Medical Office Building, located at 1100 E Tennessee Street in Tallahassee, Florida, 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.

  • Dense trade area with over 180,000 residents within a 5-mile radius and traffic counts exceeding 32,000 VPD 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-$22 PSF on a Triple Net (NNN) Lease, driving meaningful NOI growth and attractive exit upside.
  • Offered below replacement cost, with comparable vacant properties trading at under $87 PSF.

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

Price

$300,000

PREMISES

3,448 SF

YEAR BUILT

1988

Lease Type

NNN

BROKERS

Cole Koepsell
Charleston
Andrew S. Ackerman
Atlanta

List with SIG

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