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State-Leased Office Building
New
For Sale
$2,995,000

506-508 Houston Avenue NW, Live Oak, FL 32064

Office property occupied by two Florida state agencies under long-term leases beginning in spring 2027.

Property Size8,713 SF
Days on Market2

Property Features for 506-508 Houston Avenue NW

General Information

Standard status Active
Size 8,713 SF
Class B
Property subtype Office
Occupancy 100%

Building Details

Building Size 8,713 SF
Year Built 1998
Tenancy Multi
Listing Agency: SVN - Commercial Partners | Fort Myers
Listed By: Lauri Albion · License #BK433500
Source: Svn
Added: Aug 9 Changed: Aug 10 Last Checked: Aug 10 at 4:27AM

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 SVN - Commercial Partners | Fort Myers

Investment Insights

Based on property information with market context.

Built in 1998, the office property at 506-508 Houston Avenue NW is occupied by the Florida Department of Corrections and the Department of Juvenile Justice. The two agencies provide full occupancy across the asset.

New 10-year leases are scheduled to begin in spring 2027, supporting continued agency use of the offices. The property is located in Live Oak, Florida.

Key Highlights

  • Occupied by the Florida Department of Corrections and Department of Juvenile Justice
  • 100% occupancy by two State of Florida agencies
  • New 10‑year leases starting in spring 2027

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Bakery Garden Center Locksmith (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

642
Businesses Nearby

Demographics for 32064, FL

7,495
Population
3,645
Households
2.1
Avg Household Size
41
Median Age
15%
College-Educated
90%
High-School Grad
9.3 sq mi
ZIP Area
806
Density / Sq Mi
$50,315
Median Household Income
$28,625
Median Earnings
$908
Median Rent
$164,300
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?
Office building - Office property occupied by two Florida state agencies under long-term leases beginning in spring 2027.
Where is this office building located?
The property is located at 506-508 Houston Avenue NW Live Oak, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Occupied by the Florida Department of Corrections and Department of Juvenile Justice; 100% occupancy by two State of Florida agencies; New 10‑year leases starting in spring 2027
More about this property
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