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259 E 7th Ave 7,061 SF 100% Leased Office Building Tallahassee, FL 32303 $1,100,000 ($155.79/SF)
INVESTMENT HIGHLIGHTS
- Great Midtown Location
- 20 Plus parking spaces
EXECUTIVE SUMMARY
Prime Midtown Opportunity – 259 East 7th Avenue, Tallahassee. Nestled in the heart of Midtown, this one-of-a-kind property offers incredible potential in one of Tallahassee’s most desirable locations. Originally built in 1937, the property features two distinct structures on a spacious 0.46-acre lot, zoned for both commercial and residential use. The main structure is an all-brick, two-story, 5,260 SF building, originally designed as four residential dwellings. Most recently, it served as an upscale hair salon, showcasing its versatility for business or residential conversion. At the rear of the property, a 1,801 SF, two-story residential building adds even more flexibility, whether for rental income, owner-occupancy, or additional business use. With 24 parking spaces and ample room for expansion, this property presents a rare opportunity to develop additional residential units or maximize its commercial potential. Enjoy the prime Midtown location, just steps from Lake Ella and walking distance to shops, restaurants, and entertainment. Recent upgrades include new roofs (2020) and brand-new windows (December 2024).Don't miss this rare investment opportunity with huge upside potential in one of Tallahassee’s most sought-aft er districts!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
7,061 SF
Building Class
B
Year Built
1937
Price
$1,100,000
Price Per SF
$155.79
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,531 SF
Building FAR
0.35
Lot Size
0.46 AC
Zoning
CU-45 - Commercial and Multifamily Uses
Parking
10 Spaces (1.42 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
- Balcony
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 21-25-43-00A-001.0 | Improvements Assessment | $623,716 |
| Land Assessment | $145,276 | Total Assessment | $768,992 |
PROPERTY TAXES
Parcel Number
21-25-43-00A-001.0
Land Assessment
$145,276
Improvements Assessment
$623,716
Total Assessment
$768,992
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259 E 7th Ave
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