118 Monroe StTallahassee, FL 32301
- Office properties
- 33,485 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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