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    524 E College Ave Tallahassee, FL 32301

    New
    Under Contract
    For Sale
    $675,000

    COMMERCIAL - Tallahassee, FL

    Lot size:
    0.52 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 524 E College Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    12073-11-31-32- G-003-0
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Building materials
    Brick

    The Naumann Group Real Estate, Inc. (850) 933-0328 [email protected]

    Listing agent Cole Davis (850) 325-1681 License #3357739

    Listing date Dec 4, 2025

    Copyright © 2025 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Tallahassee Mixed-Use Opportunity

    This all-brick downtown Tallahassee property presents a buyer's choice of residential, commercial, or redevelopment potential. The 3,400 square foot building is situated on two lots totaling 0.52 acres, with the existing structure occupying 0.26 acres. Zoned CU-45, the property allows up to 45 units per acre. The current layout includes 5 bedrooms, 3.5 bathrooms, and a 400 sq. ft. bonus suite with a private entrance. Recent upgrades include a 2020 roof and 2024 tankless water heaters. The property is currently leased at $6,000 per month through August 2026, providing cash flow and future development potential. It is located within walking distance to the Florida Capitol. This property could be a single family home, or turned back into a large office.
    Location Intelligence

    Current Use by Public Records

    Chaires Security and Investigations Security Guard Service

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.276294
    Latitude
    30.441009

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with redevelopment potential near Florida Capitol.
    Where is this mixed-use property located?
    The property is located at 524 E College Ave Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Prime downtown location within walking distance to the Florida Capitol.; - Significant redevelopment potential with CU-45 zoning allowing up to 45 units per acre.; - Strong cash flow with current lease at $6,000/month through August 2026.
    (850) 325-1681
    Request Owner's contact information
    524 E College Ave Tallahassee, FL 32301
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    Tallahassee, FL 32301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    524 E College Ave Tallahassee, FL 32301
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