118 Gadsden StTallahassee, FL 32301

Property Details for 118 Gadsden St

Year built

1903

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

6,068 SF

Property type

Office properties

Property subtype

Office buildings

APN

21-36-40-035-329-0

APU

2136400353290

Description

This stunning executive office suite, located in Tallahassee's Historic District on North Gadsden Street, offers unparalleled convenience and prestige. The 600 square foot space is situated on the second floor of a charming two-story building, boasting impressive 20-foot ceilings and a large front porch. The building itself totals 5,510 square feet and features a shared kitchen, conference room, and restrooms, providing a professional and collaborative environment. An additional 150 square feet of office space is also available, offering flexibility for expansion. The property's prime location places it within easy walking distance of the State Capitol, City Hall, and the Leon County Courthouse, making it ideal for government contractors, legal professionals, or businesses requiring close proximity to these key institutions. Ample parking is provided with 25 spaces available for tenants and guests. The property's APN is 21-36-40-035-329 and is located in Leon County. This single-tenant office building presents a unique opportunity to establish a prominent presence in the heart of Tallahassee's vibrant downtown area. The building consists of one structure with two stories.

• CAP approach

  CAP return

  Valuation

  6%

  $1,256,110

  6.5%

  $1,159,487

  7%

  $1,076,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $431,374

  Geo Method

  $431,374

• Alternative Use

  Use

  Valuation

  Residential

  $1,437,763

  Hospitality

  $1,316,984

  Educational

  $1,095,715

  Medical

  $1,133,398

  Retail

  $1,704,445

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.443

Longitude

-84.2787

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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