231 E Palmer Ave - Light Manufacturing FOR SALE


Tallahassee, FL 32301
$1,975,000 USD
212-292-3134
231 E Palmer Ave, Tallahassee, FL for Sale
$1,975,000 USD
Light Manufacturing - FOR SALE
1/32
null | 8.82% Cap Rate

231 E Palmer Ave
Tallahassee, FL 32301


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.

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.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

8.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.83

LAND SF

36,155

ZONING

M1

APN/PARCEL ID

41-01-20-408-000.0

ASK ABOUT THIS PROPERTY

Jimmy UllrichColliersMore Info
212-292-3134

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Jimmy UllrichColliersMore Info
212-292-3134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.