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34282352
34282350

1313 N GADSDEN ST, TALLAHASSEE, FL 32303

LS
FL SL3604499
Premier Commercial Group
Listed by Premier Commercial Group
$850,000
1 day on market
Updated 1 day ago

1313 N GADSDEN ST TALLAHASSEE FL 32303

Details
APN 11-30-39-00C-007.0
Property Type Mixed Use
Square Footage 2,486
Net Rentable (SqFt) 2,150
Units 2
NOI $51,000
Tenancy Multi
Lease Type Gross
Lease Term 15
Lease Expiration 05/01/2041
Remaining Term 15
Rent Bumps Yes
Pro-Forma NOI $65,000
Price Per Acre $0
Year Built 1931
Year Renovated 2025
Buildings 1
Stories 2
Lot Size (SqFt) 9,148
Zoning OR1
Lease Commencement 06/01/2026
Ground Lease No
Sale Condition N/A

Historic Building in Midtown Tallahassee with Long Term Lease

Marketing description

Premier Commercial Group is pleased to present 1313 N Gadsden Street, a fully renovated historic building in the heart of Tallahassee's Midtown district — one of the market's most sought-after commercial corridors.

This 2,150 SF two-story building sits on 0.21 acres directly across from Midtown's premier lineup of dining, fitness, and lifestyle destinations, including The Brass Tap, Table 23, Push Pilates, F45 Training, The Hub Coworking, and the Marché SkyLofts. Publix and Whole Foods are both approximately one mile away, with Tallahassee Memorial HealthCare under 5 minutes and both I-10 and Florida State University within 10.

The property has seen extensive recent capital improvements, including new siding, windows, gutters, and substantial interior renovations — featuring original hardwood floors on the upper level and polished concrete below. Its versatility is proven: the building has successfully operated as a law office, boutique hotel, and student rental, and OR-1 zoning supports a wide range of office and residential uses going forward.

In-place income anchors the investment: a learning center recently executed a fresh 15-year lease at approximately $27/SF gross with 3% annual escalations, providing long-term, growing cash flow with meaningful lease term remaining for the next owner.

Opportunities like this — a renovated historic asset with committed long-term income in walkable Midtown — rarely come to market.

Investment highlights

2,150 SF historic building on 0.21 acres in Midtown Tallahassee

New 15-year lease in place at ±$27/SF gross with 3% annual increases

Recent renovations: new siding, windows, gutters, and interior upgrades

Hardwood floors up, concrete floors down

OR-1 zoning permits diverse office and residential uses

Directly across from Brass Tap, Table 23, Marché SkyLofts, F45, Push Pilates & The Hub Coworking

< 5 min to TMH | < 10 min to I-10 and FSU | ~1 mile to Publix & Whole Foods

Listing Contacts

LS
FL SL3604499
Premier Commercial Group
Listed by Premier Commercial Group

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,000.00
$4,250.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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OR-1 MixedMixed UseOffice Residential District 1
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View all 16 uses
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Last updated Apr 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Logan Short
License
SL3604499
Brokerage
Premier Commercial Group
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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