Listing Agency: j***@talcor.com Show Phone

Listed By: Jim Show Phone

Added: Jan 23, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 13,488-square-foot medical facility is located at 1661 Phillips Road in Tallahassee, Florida. Previously used as a surgery center, the property includes multiple operating rooms, recovery areas, private offices, conference rooms, staff locker rooms, a medical records room, and a business office. The building is suited for continued use as a medical facility and its layout allows for adaptation to various healthcare or other professional uses. Situated on a three-acre site, the property has a 66-space parking lot. Constructed of concrete block and brick, the building features a backup generator. The property is located off Phillips Road, between Blairstone and Mahan Drive, and is zoned Office Residential (OR-3), offering flexibility for potential redevelopment or expansion. The annual rental rate is $10 per square foot.

Property Analytics

Current Use

Medical Office Space

Lease Details

NNN (Triple Net)

Lease Type

$1.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32308, FL

23,355

Population

11,838

Households

2

Avg Household Size

43

Median Age

56%

College-Educated

97%

High-School Grad

15.8 sq mi

ZIP Area

1,478

Density / Sq Mi

$73,125

Median Household Income

$46,786

Median Earnings

$1,327

Median Rent

$291,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical facility available

Where is this medical office space located?

The property is located at 1661 Phillips Road Tallahassee FL 32308 Tallahassee, FL.

What is the lease rate?

The lease rate is $10 SF/Yr.