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Multi-Tenant Industrial Property
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Pending

231 E Palmer Ave, Tallahassee, FL 32301

Fully leased industrial asset with an established church occupant in downtown Tallahassee.

Property SizeContact for details
Days on Market141

Property Features for 231 E Palmer Ave

General Information

Standard status Pending
Property subtype Industrial
Listing Agency: Colliers - New York, New York
Listed By: Jimmy Ullrich · License #FL BK3073947
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 10:10AM

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 Colliers - New York, New York

Investment Insights

Based on property information with market context.

This multi-tenant industrial property contains 26,000 SF of rentable building area on 1.66 acres. The asset is 100% leased and anchored by Downtown Community Church, which has completed improvements to the property and maintains an established presence at the site. Approximately 5.28 years of WALT remain across the tenancy.

The property is located at 231 E Palmer Avenue in downtown Tallahassee, within the Tallahassee/Leon County Multimodal Transportation District Plan. Its setting places the asset between FAMU and Capital City Country Club, providing a central downtown location for an industrial property with an existing tenant base.

Key Highlights

  • 26,000 SF RBA industrial property on 1.66 acres
  • Multi‑tenant asset with 100% leased occupancy
  • Approximately 5.28 years of WALT remaining

Property Analytics

Current Use

Downtown Community Church Church Blue Streak Couriers Courier Service ADL Tallahassee Logistics Company Dr. máirín M. ... Physician

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

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Fully leased industrial asset with an established church occupant in downtown Tallahassee.
Where is this industrial property located?
The property is located at 231 E Palmer Ave Tallahassee, FL.
What are key features of this property?
This property features: 26,000 SF RBA industrial property on 1.66 acres; Multi‑tenant asset with 100% leased occupancy; Approximately 5.28 years of WALT remaining
(850) 385-6363 Call to check price and availability
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