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    336 E College Ave Tallahassee, FL 32301

    Source: https://www.saltercompany.com
    For Sale
    $2,250,000

    Prime location, stabilized income, 85% leased.

    Property size:
    15,834 SF

    Description

    Added:
    Feb 4, 2025
    Days on Market:
    306
    This 15,834 square foot office building presents a compelling investment opportunity in the heart of downtown Tallahassee, Florida. Currently 85% leased to a diverse mix of local and national tenants, minimizing risk and providing immediate cash flow. The building, known as "The Press," is a landmark in the community and has undergone recent renovations, including new exterior windows, roof improvements, new flooring and ceiling tiles in common areas, updated entry doors, and fresh exterior paint. The approximately 13,783 square foot usable space is situated on a 0.12-acre lot and enjoys a prime location near commercial businesses, hotels, restaurants, and significant government buildings including the Leon County Courthouse, State Capitol Building, and City Hall. This property offers a unique blend of owner-occupancy potential and strong rental income, making it an ideal investment for building wealth while benefiting from tenant contributions to mortgage payments. The building's history and recent upgrades ensure a high-quality asset with significant long-term potential. This is a rare opportunity to acquire a stabilized, income-producing property in a thriving downtown area.

    Property Features for 336 E College Ave

    General Information

    Property type
    Residential offices
    Investment Type
    stabilized
    Square Feet
    15,834 SF
    Price / Square Foot
    $142
    Class
    C
    Total Parking Spaces
    5
    Elevators
    N/A
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    3

    HighLights

    • Prime downtown Tallahassee location, near courthouse, Capitol, and City Hall.
    • 15,834 square foot office building, 85% leased, offering strong rental income.
    • Recently renovated with new windows, roof, flooring, and exterior paint; landmark building.
    Insight Report Location Intelligence

    Current Use by Public Records

    HOMETOWN GENERAL STORE ... General Store SouthSide Community Law ... Law Firm Jeff Albert, PA Attorney Cummins Cederberg - Coastal ... Marine Engineer Aerial Stays Property Management Company

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    State
    Florida
    Longitude
    -84.278602
    Latitude
    30.440962

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    FAQs

    What type of property is this?
    Residential office - Prime location, stabilized income, 85% leased.
    Where is this residential office located?
    The property is located at 336 E College Ave Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Prime downtown Tallahassee location, near courthouse, Capitol, and City Hall.; 15,834 square foot office building, 85% leased, offering strong rental income.; Recently renovated with new windows, roof, flooring, and exterior paint; landmark building.
    (850) 564-0120
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    336 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
    336 E College Ave Tallahassee, FL 32301
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