Rare Owner Occupied / Investment Office Sale
Rare owner-occupied or investment office opportunity in downtown Tallahassee's historic Press building, offered at $2,100,000 at a 7.5% cap ($171,000 NOI). The 15,084 SF, three-story Class C asset is approximately 85% leased to a diverse mix of local and national tenants, making it ideal for an owner-user seeking to occupy space while generating steady rental income from existing leases.
Built in 1988 and recently upgraded with new exterior windows, roof work, modern flooring and ceiling tiles, glass entry doors for each suite, and refreshed exterior paint, the building features flexible suite sizes across multiple floors. Approximately 2,000 SF of ground-floor space is available for owner occupancy or additional lease-up. The 0.12-acre parcel is zoned Commercial and includes 0.33 acres of parking.
Located at 336 E College Avenue in the central core of downtown Tallahassee, the property sits within walking distance of the Leon County Courthouse, State Capitol, City Hall, and numerous restaurants, hotels, and commercial establishments. The walkable location and diverse tenant base reduce vacancy risk while allowing an owner to build equity through ownership as tenants help offset carrying costs.
- 85% leased with diverse local and national tenant mix
- ~2,000 SF ground-floor space available for owner occupancy
- Recently upgraded: new windows, roof, flooring, paint, and suite entry doors
- Stabilized investment with strong 7.5% cap rate
- Downtown Tallahassee location near courthouse, capitol, and civic center
More property details
Location
Owner-User or Investment Opportunity in the Heart of Downtown Tallahassee!
This ±13,783 SF building, known locally as "The Press" building, is approximately 85% leased—making it an ideal setup for a business owner seeking to occupy space while benefiting from steady rental income. It's a rare chance to build equity through ownership while tenants help offset expenses.
The property features a diverse mix of both local and national tenants in varying suite sizes, helping to reduce vacancy risk. Recent updates include new exterior windows, roof upgrades, modern flooring and ceiling tiles in common areas, glass entry doors for each suite, and a refreshed exterior paint job.
Situated in the central core of Downtown Tallahassee, the location offers walkable access to the Leon County Courthouse, State Capitol, City Hall, and a variety of nearby restaurants, hotels, and commercial establishments.
- Owner Occupied / Investment Office for Sale!
- "Landmark" building located in the Downtown Tallahassee
- 85% Leased
- Approximately 2,000sf Available for Occupancy - Ground Floor
- Numerous Capital Improvement/Upgrades
- Build Wealth Through Ownership - Tenants Pay your Mortgage