Property Overview
Price/Rent PSF $ 4,500,000.00
Asset Type Land
Trade Type Sale
Acres Available 2.26
Date Available 06/06/2019
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Description

Location
Governor’s Walk Portfolio is situated right in between Midtown and Downtown Tallahassee and is one block away from the Florida Governor's Mansion.

Sale
Governor’s Walk Portfolio is situated right in between Midtown and Downtown Tallahassee and is one block away from the Florida Governor's Mansion. The portfolio consists of an impervious ½ block of land primed for redevelopment given is favorable CU‐45 zoning, and the 2 vacant office buildings which present a unique value add or owner occupant situation. The properties can be purchased altogether, individually, or any combination thereof. With 1,824 businesses and an average daytime population of 43,877 within a 1 mile radius, this has proven to be one of the most vibrant areas of our Capital City.

209 W. Georgia can be purchased along with the rest of the portfolio, individually, or any combination thereof. If properties A&B were to be jointly purchased for developable land, the total acreage would be 2.01 acres. The 1,100 SF building on the property is currently being leased for $1,850/month.

This 12,000 SF office at 208 W. Carolina can be positioned as a value add office building or be purchased for it’s land totaling 0.67 acres. This property can be purchased along with the rest of the portfolio, individually, or any combination thereof. If properties A&B were to be jointly purchased for developable land, the total acreage would be 2.01 acres.

This 13,884 SF office at 502 N. Adams is a prime value add opportunity for a buyer looking to invest in downtown Tallahassee. This property can be purchased along with the rest of the portfolio, individually, or any combination thereof. The property is currently generating $9,000/month.

Location