For Sale
$2,250,000

336 E College Ave Tallahassee, FL 32301

Prime location, stabilized income, 85% leased.

Source: https://www.saltercompany.com

Overview

Added:
Feb 4
Days on market:
80
This 15,834 square foot office building presents a compelling investment opportunity in the heart of downtown Tallahassee, Florida. Currently 85% leased to a diverse mix of local and national tenants, minimizing risk and providing immediate cash flow. The building, known as "The Press," is a landmark in the community and has undergone recent renovations, including new exterior windows, roof improvements, new flooring and ceiling tiles in common areas, updated entry doors, and fresh exterior paint. The approximately 13,783 square foot usable space is situated on a 0.12-acre lot and enjoys a prime location near commercial businesses, hotels, restaurants, and significant government buildings including the Leon County Courthouse, State Capitol Building, and City Hall. This property offers a unique blend of owner-occupancy potential and strong rental income, making it an ideal investment for building wealth while benefiting from tenant contributions to mortgage payments. The building's history and recent upgrades ensure a high-quality asset with significant long-term potential. This is a rare opportunity to acquire a stabilized, income-producing property in a thriving downtown area.

Highlights

  • Prime downtown Tallahassee location, near courthouse, Capitol, and City Hall.
  • 15,834 square foot office building, 85% leased, offering strong rental income.
  • Recently renovated with new windows, roof, flooring, and exterior paint; landmark building.

Property Details for 336 E College Ave

Property type
Residential offices, Office properties
Investment Type
stabilized
Square Feet
15,834 SF
Price / Square Foot
$142.10
Class
C
Year Built
1988
Buildings
1
Stories
3
Total Parking Spaces
5
Elevators
N/A
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Tallahassee
County
Leon
State
Florida

FAQs

What type of property is this?
Residential office - Prime location, stabilized income, 85% leased.
Where is the residential office located?
The property is located at 336 E College Ave Tallahassee, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime downtown Tallahassee location, near courthouse, Capitol, and City Hall.; 15,834 square foot office building, 85% leased, offering strong rental income.; Recently renovated with new windows, roof, flooring, and exterior paint; landmark building.
How can I contact the broker?
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336 E College Ave
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