524 E College Avenue Tallahassee, FL $ 675,000
524 E College Avenue
$ 675,000
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524 E College Avenue

Tallahassee, FL, 32301
$ 675,000
Bedrooms-- Baths-- Sq 3,400

Monthly Estimate*

$ 4,156

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Commercial Property for sale in Tallahassee, FL

for $675,000. This 3,400 square foot building was built on a lot size of 0.52.

Buyer's choice of residential, commercial, or redevelopment potential — this all-brick downtown property offers endless possibilities. With some vision, this could be a spectacular single family home, or turned back into a large office. Located within walking distance to the Florida Capitol, this 3,400 square foot building sits on two lots (0.52 acres), with the existing structure occupying only one of these lots (0.26 acres). Zoned CU-45, allowing up to 45 units per acre, this is a rare opportunity in a premier location. The current layout features 5 bedrooms, 3.5 bathrooms, and a 400 sq. ft. bonus suite with its own private entrance. Recently upgraded with a 2020 roof and 2024 tankless water heaters, and currently leased at $6,000/month through August 2026, this property provides both strong cash flow and outstanding future development potential.

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Commercial Contingent

Price

$ 675,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

0.52

Town/City

Tallahassee

County/Region

Leon

MLS | Web ID

391941

Features
General
Heating Central
Cooling CentralAir CeilingFans
Utilities CableAvailable ElectricityAvailable NaturalGasAvailable PhoneAvailable SewerAvailable
Construction Materials Brick
Property Subtype Business
Current Use Commercial MultiFamily Office ServiceBusiness Unimproved
Business Type ProfessionalService
County Leon
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name Cherokee Hills 1st Addition
Garage Y/N N
Building Features PrivateRestrooms
Status ActiveUnderContract
Directions Mahan onto Franklin Drive Right onto College
City Tallahassee
Senior Community Y/N N
MLS Area Leon
Carport Y/N N
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status ActiveUnderContract
Tax Lot 3+4
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Exterior
Parking Features ParkingSpaces
Spa N
Building Area Total 3400.0
Lot Size Acres 0.52
Road Surface Type Paved
Private Pool N
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
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Internal Only
Street Number 1 524
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* Excluded Features
List By
The Naumann Group Real Estate

Broker

Affordability Calculator

$4,156
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,156
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3571063 Elementary School
3570942 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2025$675,000 Listed Price

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524 E College Avenue, Tallahassee, FL, 32301 is a Commercial Property for sale at $675,000 with 3,400 sqft and a lot size of 0.52. The property's zip code is 32301 which is in Tallahassee, FL