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306 Laura Lee Ave
Tallahassee, FL 32301
Office Building · Office Property For Sale
Property Facts
Property Type
Office
Building Size
16,692 SF
Building Class
B
Year Built/Renovated
1950/2004
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,692 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
2.00 AC
Zoning
MR-1 - Medium Density Residential District
Parking
25 Spaces (1.5 Spaces per 1,000 SF Leased)
Amenities
- Day Care
- Fenced Lot
- Signage
- Air Conditioning
About 306 LAURA LEE AVE , TALLAHASSEE, FL 32301
100% Occupied and 10% Cap on Income! The building is leased to two tenants and recently renovated with new roof, paint, flooring, fencing, and improvements to plumbing and HVAC. Low price per foot relative to the sales market. The lease rate is also low compared to the leasing market, so the relet opportunities are there should one tenant choose not to continue on after the initial term of five years. The Parcel size is Four Acres, with the building situated on the far Eastern side of the property, so there are opportunities for redevelopment of the remaining site for multi-family units should the Buyer desire to do so.
Property Taxes
| Parcel Number | 41-12-20-433-000.0 | Improvements Assessment | $946,788 |
| Land Assessment | $56,000 | Total Assessment | $1,002,788 |
Property Taxes
Parcel Number
41-12-20-433-000.0
Land Assessment
$56,000
Improvements Assessment
$946,788
Total Assessment
$1,002,788
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