2121 Pensacola St Ste A Tallahassee, FL 32304-3170

This exceptional value-add opportunity presents a 9,256 square foot, single-story retail property situated on 0.92 acres of prime commercial land in Tallahassee, Florida. Built in 1986, this Class B, multi-tenant storefront boasts seven units, currently 93% occupied, with lease sizes ranging from 750 to 2,000 square feet. The property is strategically located on West Pensacola Street, between Florida State University and Tallahassee Community College, benefiting from a large and diverse population base including government employees, numerous organizations, and approximately 70,000 college students. The asking price is $1,595,000, translating to $172.32 per square foot. The property features a prominent pylon sign and is zoned for University Transition, offering significant upside potential through rent increases or future redevelopment. This stabilized investment presents a compelling opportunity to capitalize on below-market rents and the strong Tallahassee market. The property is shown by appointment only