501 Tennessee St, Tallahassee, FL 32308

This exceptional investment opportunity presents a well-maintained, multi-tenant office building located at 501 E Tennessee St, Tallahassee, Florida. The property, built in 1940 and renovated in 1988, encompasses 8,166 square feet of net rentable space, distributed across five individual units within a single, two-story building. Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $76,628, yielding a 5.47% cap rate. The asking price is $1,400,000, translating to $171.44 per square foot. Situated on a 0.45-acre lot, the property benefits from ample parking and a highly visible corner location. The CU-45 zoning allows for a variety of commercial uses. This centrally located asset presents a compelling opportunity for both investors seeking strong returns and owner-users looking for a well-established presence in Tallahassee's thriving commercial market. The property's history, combined with its modern functionality and excellent location, makes it a truly unique investment prospect. The Leon County property features a convenient address and is easily accessible. The APN is 11-31-78-000-001.0.