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Downtown Flex Space Building
For Sale
$725,000

227 E PALMER AVE, Tallahassee, FL 32301

COMMERCIAL - Tallahassee, FL

Property SizeContact for details
Lot Size0.22 Acres
Days on Market416

Property Features for 227 E PALMER AVE

General Information

Property type Commercial Sale
Property subtype Other
Parking 12
Lot features Level
Directions S. MONROE PAST CAPITOL FOR 4 BLOCKS THEN LEFT
Subdivision Leon
Standard status Active
Lot size 0.22 Acres

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Number of units 1
Building materials Block, Concrete
Listing Agency: Communitywide Realty
Listed By: Bob Teel · License #0117400
Added: Jul 11, 2025 Changed: Aug 4 Last Checked: Aug 30 at 3:06PM
MLS# 388571

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This downtown flex space property occupies a 0.22-acre site and provides existing areas for retail, office, and warehouse operations. The building uses block and concrete construction, with central heating, central air, and public water service. The front portion includes space suited to retail or office functions, while the rear contains warehouse area. The layout also presents potential for conversion to New York industrial-style living units, with room for retail or office space toward the front. The property is located in Tallahassee, three blocks from a city park. The surrounding area includes new restaurant and entertainment activity.

Key Highlights

  • 0.22‑acre downtown Tallahassee property
  • Existing space for retail, office, and warehouse operations
  • Block and concrete construction

Property Analytics

Current Use

On the Rocks Bartending Event Planning Driftaway Float Center Gym & Fitness Center

Suggested Use

Top Pick Storage Facility Dental Office Electrical Service Kitchen & Bath Showroom Big Box & Wholesale Store Carpet & Flooring 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

803
Businesses Nearby
Balanced
Demand for This Use

Demographics for 32301, FL

29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
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
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Frequently Asked Questions

What type of property is this?
Flex space - Block-and-concrete construction supports retail, office, and warehouse operations.
Where is this flex space located?
The property is located at 227 E PALMER AVE Tallahassee, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 0.22‑acre downtown Tallahassee property; Existing space for retail, office, and warehouse operations; Block and concrete construction
More about this property
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