$205,000
$225,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
1740 & 1742 Thomasville Road Tallahassee, FL 32312
1,230 SqFt
Key Details
Sold Price $205,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 1,230 sqft
Price per Sqft $166
Subdivision Duval Plaza
MLS Listing ID 396874
Sold Date 06/12/26
Construction Status Brick,Concrete Block
Lot Size 871 Sqft
Property Sub-Type Office
Property Description
Income-producing office investment with strong in-place tenancy. Units 1740 and 1742 Thomasville Road are leased with reliable tenants currently in month 3 of a 48-month lease, providing immediate and stable cash flow. Cap rate begins in the 7.5% range in year one, increasing to nearly 8.1% by year four. Recent improvements include a newer roof and HVAC, while the tenant covers utilities and interior repairs/maintenance, keeping owner expenses low. A solid opportunity for investors seeking stable returns with built-in income growth.
Location
State FL
County Leon
Area Leon
Interior
Heating Central Building
Cooling Central Building
Exterior
Road Frontage Government Maint., State Road
Building
Construction Status Brick,Concrete Block
Others
Ownership Regis Properties Inc.
SqFt Source Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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