Highlights
•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
Description
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.
Property Documents
Investment Office Sale brochure.pdf
1.19 MB
Listing Details
- Cap Rate
7.5%
- Tenancy
Multi
- Space Type
Office
- Sub Category
Traditional
- Date Listed
9/22/2025
- Broker/Agent Co-op
Yes
- Investment Type
Stabilized
- Net Operating Income
$166,762
- Ground Lease
No
Property Specifics
- Property Name
Rare Owner Occupied / Investment Office Sale
- Property Class
B
- No of Buildings
1
- No of Stories
3
- Year Built
1988
- Building Size
13,783 SF
- Lot Size
0.12 Ac
- APN
2136250761310
- Zoning
Commercial
- Occupancy
85%