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Mixed-Use Land for Sale in Tallahassee, Florida
1740 & 1742 Thomasville Rd, Tallahassee, FL 32312
$225,000
0.02 acres
Pending sale
Under contract
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
- Street address
- 1740 & 1742 Thomasville Rd
- County
- Leon County
- Community
- Duval Plaza
- Elevation
- 149 feet
Property details
- Lot size
- 0.02 acres871 sq ft
- MLS #
- TBR 396874
- Posted
Property taxes
- Recent
- $2,696
Details and features
Listing
- Type
- Residential
- Subtype
- Office
- Unit Count
- 2
- Franchise
- Keller Williams Realty
Structure
- Water
- Public
- Heating
- Central
- Cooling
- Central Air
- Materials
- Block, Brick, Concrete
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 20, 2026 | Under contract | $225,000 | — | TBR |
| Apr 13, 2026 | Price drop | $225,000 | $23,000 -9.3% | TBR |
| Mar 4, 2026 | New listing | $248,000 | — | TBR |
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