313 Johnston StTallahassee, FL 32303

This stunning, completely renovated 1927 Midtown Tallahassee cottage, situated on a 7,405 square foot lot, presents a unique investment opportunity. Currently configured as a 1,565 square foot executive office space, this two-story building boasts a 7.00% capitalization rate. The property features a full kitchen and bathrooms equipped with showers, offering flexibility for conversion back to residential use. The existing office space is ideal for professional use, while the property's potential extends beyond its current configuration. Conditional approval exists for the addition of three residential units to the rear of the property, significantly increasing income potential. The property's APN is 21-25-49-019-00F.0. Built in 1927 and extensively renovated in 2020, this property combines historic charm with modern updates. The asking price is $385,000, translating to a price per square foot of $246.01. This prime Midtown location offers exceptional visibility and accessibility. Serious inquiries are encouraged to schedule a viewing.