1709 Mahan Dr Tallahassee, FL 32308-5201
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.
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City Walk Urban Mission Charitable Organization Social Service Agency
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City Walk Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.