118 Monroe StTallahassee, FL 32301

Property Details for 118 Monroe St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

33,485 SF

Property type

Office buildings

APN

21-36-45-008-000-0

APU

2136450080000

Description

This historic building, formerly the Florida Theatre, offers over 23,000 square feet of office and retail space for lease in the heart of downtown Tallahassee. Two street-level suites are perfect for small retail businesses, while the upper floors boast a stunning atrium filled with natural light. Available space ranges from individual offices to larger suites, totaling over 23,000 square feet across four floors. The building is conveniently located near the State Capitol, Florida State University, and major highways (US Hwy 27 and Hwy 90), with excellent visibility due to high vehicle traffic on Monroe Street (over 30,000 VPD). On-site parking is available with 15 surface spaces and 15 covered spaces. The property is zoned CC - CENTRAL CORE and features multiple tenancy options. Two spaces are currently available, ranging from 5,807 to 7,907 square feet. This is an exceptional opportunity to secure prime office space in a vibrant and highly accessible location. The building's unique history and modern amenities combine to create a truly distinctive workspace. The property's Leon County APN is 21-36-45-008-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $6,931,585

  6.5%

  $6,398,386

  7%

  $5,941,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,380,449

  Geo Method

  $2,380,449

• Alternative Use

  Use

  Valuation

  Residential

  $7,933,999

  Hospitality

  $7,267,500

  Educational

  $6,046,475

  Medical

  $6,254,422

  Retail

  $9,405,628

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4429

Longitude

-84.2811

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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