For Sale
$10,950,000

119 Monroe StTallahassee, FL 32301

Prime location, high cap rate, flexible space

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional downtown Tallahassee office building presents a unique owner-user investment opportunity. The Alliance Center, encompassing the 3rd, 4th, and 5th floors, offers a total of 13,075 to 26,150 square feet of versatile space, ideal for a variety of office configurations. Built in 2009, this five-story mixed-use structure boasts a striking first-floor corporate lobby and reception area, setting a sophisticated tone for the entire building. High-quality finishes are consistent throughout the office space, enhancing its professional appeal. The building's prime location in the Central Core (CC) zoning district of Leon County ensures high visibility and accessibility. Ample parking is provided in an on-site garage, catering to both employees and clients. The property sits on a 0.43-acre lot and benefits from a high traffic count exceeding 27,500 ADT. Multiple meeting and conference rooms are included, facilitating efficient collaboration and client interactions. The asking price is $10,950,000, representing a compelling 7.50% cap rate. The APN is 213681 0001. This is an exceptional opportunity to acquire a well-maintained, high-value office space in a thriving downtown location.

Highlights

  • $10,950,000 asking price for a creative, executive, and traditional office building.
  • 13,075 - 26,150 square feet available, encompassing the 3rd, 4th, and 5th floors.
  • 7.50% cap rate.
  • Located in Tallahassee, FL, at 119 S Monroe St, in a prime downtown location with high traffic (27,500+ ADT).
  • 2009 construction, five-story mixed-use building with retail, office, and condo space; includes a parking garage and high-quality finishes.
  • 0.43-acre lot size, APN 213681 0001, zoned CC - Central Core.

Property Details for 119 Monroe St

Property type
Office properties, Office space
Square Feet
13,075 SF
Year Built
2009
Buildings
1
Stories
5
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Tallahassee
County
Leon
State
Florida
Latitude
30.441201542346
Longitude
-84.280676785232
119 Monroe St, Tallahassee, Florida

FAQs

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119 Monroe St
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