Back to Search

Former Bank Branch For Sale

3641 Coolidge Ct, Tallahassee, FL 32311

View on Map

For Sale

Contact for pricing

4,464 SF former bank branch in southeast Tallahassee.

Type:Office

Property size:

4,464 SF

Price / SF:

$224/SF

HighLights

Located at the entrance to the SouthWood community, offering high visibility and access to a desirable demographic.
Includes 4 drive‑thru lanes and 1 ATM lane, suitable for various business operations.
Features dual access via Coolidge Court and Esplanade, enhancing accessibility.
Offers multiple signage opportunities for increased brand exposure.
Equipped with an on‑site Caterpillar generator, ensuring business continuity.
Provides 19 surface parking spaces, accommodating ample customer parking.

We can help!

Listing Contact

E. Edward Murray

For Sale

Contact for pricing

4,464 SF former bank branch in southeast Tallahassee.

Type:Office

Property size:

4,464 SF

Price / SF:

$224/SF

Added:: Aug 15, 2023
Days on Market:: 1033
Last Refresh:: May 12 at 10:39 pm

Property Features for 3641 Coolidge Ct

General Information

Standard status: Active
Size: 4,464 SF
Property subtype: Office

Building Details

Year Built: 2004

We can help!

Listing Contact

E. Edward Murray

Listing agent E. Edward Murray License #BK 400119

Listing office NAI TALCOR - Tallahassee

Listing date Aug 15, 2023

Source Crexi

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 - Tallahassee

HighLights

Located at the entrance to the SouthWood community, offering high visibility and access to a desirable demographic.
Includes 4 drive‑thru lanes and 1 ATM lane, suitable for various business operations.
Features dual access via Coolidge Court and Esplanade, enhancing accessibility.
Offers multiple signage opportunities for increased brand exposure.
Equipped with an on‑site Caterpillar generator, ensuring business continuity.
Provides 19 surface parking spaces, accommodating ample customer parking.

Overview

A 4,464 SF former bank branch is available for sale in southeast Tallahassee, situated at the entrance to the SouthWood community. The site benefits from dual access via Coolidge Court and Esplanade, along with multiple signage opportunities and 19 surface parking spaces. The structure includes 4 drive-thru lanes, 1 ATM lane, and an on-site Caterpillar generator. The property is suitable for various uses, including a financial institution, healthcare facility, or other professional services.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.7k	$21.00
− Vacancy	−$20.6k	−$4.62
EGI	$73.1k	$16.38
− OpEx	−$18.3k	−$4.10
NOI	$54.8k	$12.29

4,464 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$783.4K

$685.5K – $914.0K (±1% cap)

NOI $54,840 @ 7.0% cap · market cap 5.48%

Second Best

Healthcare Medical

$756.2K

$661.7K – $882.3K (±1% cap)

NOI $52,936 @ 7.0% cap · market cap 5.29%

Theoretical Best

Office A

$1.09M

$957.6K – $1.28M (±1% cap)

NOI $76,607 @ 7.0% cap · market cap 7.66%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Sunshine Savings Bank Bank The First Bank Bank

Suggested Use

Location Insight

Map
Local Demand

City: Tallahassee
County: Leon
State: Florida
Longitude: -84.2328653
Latitude: 30.4019383

Nearby Similar for Sale

$995,000

4,500 SF

Turn-Key Childcare Facility For Sale

Established childcare facility with excellent visibility and flexible commercial zoning.

3472 N MONROE Street, Tallahassee, FL 32303

View Details
$440,000

3,264 SF

Turnkey Office Building Near Downtown

Well-maintained, remodeled office building with ample parking near downtown Tallahassee.

1707 S Gadsden, Tallahassee, FL 32301

View Details
$2,350,000

Flex Office Warehouse Property

Flex office and warehouse building on Capital Circle SW, suited for distribution, service contractors, and light industrial operations.

1700 SW Capital Circle, Tallahassee, FL 32310

View Details
$440,000

3,264 SF

Turnkey Building Near Downtown Tallahassee

Well-maintained, remodeled commercial building with ample parking and accessibility features.

1707 S Gadsden Street, Tallahassee, FL 32301

View Details
$1,100,000

Renovated Downtown Tallahassee Brick Building

Meticulously renovated property with offices, bar, and entertainment area.

1202 E Park Avenue, Tallahassee, FL 32301

View Details
$1,450,000

Profitable Tallahassee Restaurant with Drive-Thru

Operating Dairy Queen franchise with real estate and assignable ground lease.

2227 N Monroe Street, Tallahassee, FL 32303

View Details
$859,900

Mixed-Use Investment Opportunity

Versatile mixed-use property with diversified income potential in Tallahassee, FL.

3976 N Monroe Street, Tallahassee, FL 32303

View Details
$849,000

Waterfront Restaurant Opportunity on Lake Jackson

Turn-key restaurant with lake views, ample parking, and outdoor stage.

4806 Jackson Cove Road, Tallahassee, FL 32303

View Details
$739,000

Historic Governor Bloxham House

Historic building suitable for office or hospitality use.

410 N Calhoun Street, Tallahassee, FL 32301

View Details
$1,900,000

750 SF

Student Housing Investment Opportunity

13-unit apartment complex near Florida A&M University.

1533 S Bronough Street, Tallahassee, FL 32301

View Details
$375,000

Updated Office Condo with Five Suites

Completely updated office condo offering five independent suites with in-suite water access and shared entry waiting area.

1725 NE Capital Circle, Tallahassee, FL 32308

View Details
$399,900

Mixed-Use Live-Work Office Building

Offers eight office spaces with a reception area, kitchen, 1.5 baths, and paved parking with partial covered spots.

231 Lafayette Circle, Tallahassee, FL 32303

View Details

For sale
Office buildings
FL
Tallahassee
32311
3641 Coolidge Ct

What type of property is this?

Office building - 4,464 SF former bank branch in southeast Tallahassee.

Where is this office building located?

The property is located at 3641 Coolidge Ct Tallahassee, FL.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Located at the entrance to the SouthWood community, offering high visibility and access to a desirable demographic.; Includes **4 drive‑thru lanes and 1 ATM lane**, suitable for various business operations.; Features dual access via Coolidge Court and Esplanade, enhancing accessibility.