927 Monroe StTallahassee, FL 32303

Property Details for 927 Monroe St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

8,583 SF

Property type

Retail properties

Property subtype

Community centers

APN

21-25-45-000-050-0

APU

2125450000500

Description

This exceptional free-standing retail building, located at 927-931 N Monroe St in Tallahassee, Florida, presents a compelling investment opportunity. The 8,763 square foot property, built in 1956 and extensively renovated in 2024, comprises three individual units, offering flexibility for various tenant arrangements. The building sits on a 15,627 square foot lot and is zoned CU45, allowing for a range of commercial uses. The asking price is $2,950,000, translating to $336.64 per square foot. This prime location in the thriving Tallahassee area offers significant potential for investors. The sale includes the property, existing leases, and one business currently operating within the building. Further details, including financial information, are available upon execution of a Non-Disclosure Agreement. The property's blend of historic charm and modern updates makes it an attractive prospect in a dynamic market. This single-story building offers a significant presence in a desirable area of Tallahassee, with ample space for retail businesses. Interested parties should be prepared to sign a Non-Disclosure Agreement before receiving additional information and scheduling a tour.

• CAP approach

  CAP return

  Valuation

  6%

  $2,611,793

  6.5%

  $2,410,886

  7%

  $2,238,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,537,617

  Geo Method

  $1,537,617

• Alternative Use

  Use

  Valuation

  Residential

  $2,033,672

  Hospitality

  $1,862,833

  Educational

  $1,549,855

  Medical

  $1,603,157

  Retail

  $2,410,886

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4524

Longitude

-84.2803

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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