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Two-Story Office Buildings on 1.33 Acres
For Sale
$1,500,000

541-545 E Tennessee St., Tallahassee, FL 32308

Two office buildings on 1.33 acres suitable for redevelopment.

Property Size20,148 SF
Price / SF$74.45
Days on Market288

Property Features for 541-545 E Tennessee St.

General Information

Standard status Active
Size 20,148 SF
Class C
Property subtype Office

Building Details

Building Size 20,148 SF
Listing Agency: NAI TALCOR
Listed By: Jim Taube, CCIM · License #672081
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 26 Last Checked: Sep 5 at 7:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI TALCOR

Investment Insights

Based on property information with market context.

Two 2-story office buildings are situated on 1.33 acres. The property accommodates 14 different tenants, with suite sizes ranging from single offices to 1,800 square feet. Approximately 1 acre with 258 feet fronting on Tennessee Street is zoned Central Urban (CU-45), which allows residential redevelopment at a density of 45 units per acre. The remaining 0.28 acres on the south end of the property fronts on Call Street and is zoned RP-2 (Residential Preservation). The property is located east of Monroe Street, across from Leon High School, and a few blocks from downtown. The CU-45 zoning allows a wide variety of commercial uses.

Key Highlights

  • CU‑45 zoning allows residential redevelopment of 45 units per acre on approximately 1 acre.
  • 1.33 acres suitable for redevelopment.
  • Two 2‑story office buildings with 14 tenants provide current income.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon HVAC Service Plumbing Service Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,641
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two office buildings on 1.33 acres suitable for redevelopment.
Where is this office building located?
The property is located at 541-545 E Tennessee St. Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: CU‑45 zoning allows residential redevelopment of 45 units per acre on approximately 1 acre.; 1.33 acres suitable for redevelopment.; Two 2‑story office buildings with 14 tenants provide current income.
More about this property
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