Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

962 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

231 E Palmer Ave

20,728 SF 100% Leased Flex Building Tallahassee, FL 32301 $1,975,000 ($95/SF) 8.82% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Downtown Tallahassee.
Opportunity Zone - wont pay taxes on gain if held for 10 years.
South Monroe Street is a main arterial road that connects the southern side of Tallahassee to Downtown and Interstate 10 with high vehicles per day.

Adjacent Florida A&M University & Capital City Country Club.
Planning Area: Southern Strategy & Multi-Modal Transportation District.

Executive Summary

Colliers is pleased to present for sale a multi-tenant industrial property located in downtown Tallahassee, Florida. The Property, 26,000 SF RBA situated on 1.66 acres, is located at 231 E Palmer Avenue, Tallahassee, Florida 32301.
Anchored by the Downtown Community Church, the Property is 100% leased with approximately 6 years WALT. Recently, the church made improvements to the property of more than $425,000 showing their commitment to the site.
Located in the Tallahassee/Leon County Multimodal Transportation District Plan, the Property is well positioned in Downtown Tallahassee directly between FAMU and Capital City Country Club.

Property Facts

Price	$1,975,000	Rentable Building Area	20,728 SF
Price Per SF	$95	No. Stories	1
Sale Type	Investment	Year Built	1966
Cap Rate	8.82%	Parking Ratio	0.55/1,000 SF
Property Type	Flex	No. Dock-High Doors/Loading	2
Property Subtype	Light Manufacturing	No. Drive In / Grade-Level Doors	1
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.83 AC

Price	$1,975,000
Price Per SF	$95
Sale Type	Investment
Cap Rate	8.82%
Property Type	Flex
Property Subtype	Light Manufacturing
Building Class	C
Lot Size	0.83 AC
Rentable Building Area	20,728 SF
No. Stories	1
Year Built	1966
Parking Ratio	0.55/1,000 SF
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.