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    1709 Mahan Dr Tallahassee, FL 32308

    For Lease
    $14 SF/Yr

    Prime Tallahassee Office Building, 29,000 SF

    Lot size:
    29,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 29,000-square-foot executive office building, located at 1709 Mahan Drive in Tallahassee, Florida, presents a unique investment opportunity. Built in 1986 and situated on a 2.05-acre lot, the property is zoned C-2 - OR-2, allowing for diverse commercial uses beyond its current office configuration. The building, formerly a government facility, is currently entirely vacant and offers significant flexibility. Divided into four sections, it features approximately 80 offices, four kitchens, well-appointed common areas, and private entrances to each section. The impressive layout allows for single-tenant occupancy or the potential to lease individual suites. Its strategic location near Governor's Square, numerous restaurants and national retailers, Downtown Tallahassee, Florida State University, and Florida A&M University ensures high visibility and accessibility. The property is priced well below replacement cost, and seller financing is available. This presents a compelling opportunity for owner-occupancy or a lucrative investment in a thriving Tallahassee market. The building's size and zoning provide ample room for expansion or adaptation to suit a variety of business needs. The property's substantial size, coupled with its convenient location and flexible layout, makes it an ideal choice for a wide range of commercial enterprises. This is a rare chance to acquire a significant commercial property in a desirable area of Tallahassee.

    Property Features for 1709 Mahan Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,000 SF
    Total Rate
    33833.33

    Building Details

    Year Built
    1986

    Unit(s) available at that property

    Space
    Available Space
    Size
    29,000 SF
    Rate per SF
    $14

    HighLights

    • Former government building near Downtown Tallahassee.
    • C‑2/OR‑2 zoning allows office, non‑profit, and multi‑use occupancy, with potential for additional business uses.
    • Divisible into smaller lease spaces.
    • Four sections with private entries, individual kitchens, and restrooms.
    • Approximately 80 offices and open areas.
    • Excellent location near Governor's Square, restaurants, national retailers, Downtown Tallahassee, FSU, and FAMU.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City Walk Urban ... Homeless Shelter City Walk Church Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2557512
    Latitude
    30.4495173

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Tallahassee Office Building, 29,000 SF
    Where is this office property / space located?
    The property is located at 1709 Mahan Dr Tallahassee, FL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Former government building near Downtown Tallahassee.; C-2/OR-2 zoning allows office, non-profit, and multi-use occupancy, with potential for additional business uses.; Divisible into smaller lease spaces.
    Request Owner's contact information
    1709 Mahan Dr Tallahassee, FL 32308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1709 Mahan Dr Tallahassee, FL 32308
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