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Single-Tenant Office Investment! 1949 Commonwealth Ln 7,000 SF 100% Leased Office Building Tallahassee, FL 32303 $795,000 ($113.57/SF)
Investment Highlights
- Single-Tenant Office Investment with long-term lease in place
Executive Summary
Single-Tenant Office Investment with long-term lease in place
This 7,000 SF one-story office building, built in 1999, is leased to Leon Advocacy & Resource Center (LARC), a respected 501(c)(3) nonprofit organization that has served individuals with disabilities for more than 50 years. LARC has occupied the property since 2008, providing long-term tenancy, and the building features a new roof installed in 2025. The property is located within Commonwealth Office Park in Northwest Tallahassee, near Interstate 10 and Capital Circle NW, offering convenient regional access in a well-established office corridor. The site is zoned PUD (Planned Unit Development) and includes surface parking, with Parcel ID #2120320000170.
This 7,000 SF one-story office building, built in 1999, is leased to Leon Advocacy & Resource Center (LARC), a respected 501(c)(3) nonprofit organization that has served individuals with disabilities for more than 50 years. LARC has occupied the property since 2008, providing long-term tenancy, and the building features a new roof installed in 2025. The property is located within Commonwealth Office Park in Northwest Tallahassee, near Interstate 10 and Capital Circle NW, offering convenient regional access in a well-established office corridor. The site is zoned PUD (Planned Unit Development) and includes surface parking, with Parcel ID #2120320000170.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,000 SF
Building Class
B
Year Built
1999
Price
$795,000
Price Per SF
$113.57
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,000 SF
Building FAR
0.11
Lot Size
1.41 AC
Zoning
PUD - PUD
Parking
38 Spaces (5.46 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Leon Arc
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Leon Arc | Health Care and Social Assistance | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Property Taxes
| Parcel Number | 21-20-32-000-017.0 | Improvements Assessment | $448,663 |
| Land Assessment | $101,034 | Total Assessment | $549,697 |
Property Taxes
Parcel Number
21-20-32-000-017.0
Land Assessment
$101,034
Improvements Assessment
$448,663
Total Assessment
$549,697
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Single-Tenant Office Investment! | 1949 Commonwealth Ln
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