Medical Office Building – Tallahassee, FL

1100 E Tennessee St, Tallahassee, FL 32308, USA

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.

  • 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 and attractive exit upside.
  • Offered below replacement cost, with comparable vacant properties trading at under $130 per SF.

 

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

Price

$431,000

PREMISES

3,448 SF

YEAR BUILT

1988

BROKERS

Cole Koepsell
Charleston
Andrew S. Ackerman
Atlanta

List with SIG

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