3434 Monroe StTallahassee, FL 32301

Property Details for 3434 Monroe St

Year built

1961

Construction

FRAME

Lot size

2.11 AC

Property size (Sq ft)

12,400 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

41-13-20-007-000-0

APU

4113200070000

Description

This vacant, 12,400-square-foot warehouse building in Tallahassee, Florida, presents a significant investment opportunity. Located at 3434 S Monroe St, this property boasts 6,200 square feet of heated and cooled space, complemented by an additional 6,200 square feet of basement area. The building features a convenient roll-up door at the rear, providing easy access for loading and unloading. Its strategic location offers excellent accessibility, with access points from both South Adams and South Monroe Streets. The property sits on a 2.1-acre lot, zoned M-1 Light Industrial, allowing for a variety of potential uses. Its proximity to the North Florida Fair Grounds, Leon County Tax Collector Office, and University Courtyard Apartments ensures high visibility and convenient access to amenities. Furthermore, its location is approximately 2.5 miles from the Capitol Complex and other government buildings, making it an attractive option for businesses serving government agencies or those seeking a central location within the city. The ample space and versatile layout offer significant potential for expansion and customization, making it ideal for a range of businesses, including but not limited to lawn and tree services, automotive repair, contracting, warehousing, or self-storage. The property's APN is 41132000070000. The asking price is $1,625,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,182,919

  6.5%

  $2,938,080

  7%

  $2,728,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,366,350

  Geo Method

  $1,366,350

• Alternative Use

  Use

  Valuation

  Residential

  $2,938,080

  Hospitality

  $2,691,265

  Educational

  $2,239,101

  Medical

  $2,316,107

  Retail

  $3,483,046

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4023

Longitude

-84.2814

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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