231 Palmer Ave, Tallahassee, FL 32301
20,728 SF | 100% Leased | Flex Building | Tallahassee, FL 32301 | $1,975,000 ($95/SF) | 8.82% Cap Rate
For Sale
Active
32 pictures
Asking Price $1,975,000
- Property Type
-
Industrial
- Price / Square Foot
- $95
Listing Contacts
Jimmy Ullrich
Michael Macchia
Riley Vaught
- Property Info
Property Overview
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.
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 Details
- Class
- C
- Year Built
- 1966
- Stories
- 1
- Property Subtype
- Flex, Manufacturing
- Lot Size (sq. ft)
- 36,155 SF
Highlights
- Downtown Tallahassee.
- Adjacent Florida A&M University & Capital City Country Club.
- Opportunity Zone - wont pay taxes on gain if held for 10 years.
- Planning Area: Southern Strategy & Multi-Modal Transportation District.
- 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.
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