119 Monroe StTallahassee, FL 32301

Property Details for 119 Monroe St

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

569 SF

Property type

Office buildings

APN

21-36-41-000-000-1

APU

2136410000001

Description

The Alliance Center offers a prime opportunity to lease 13,075 square feet of exceptional office space in the heart of downtown Tallahassee, Florida. This five-story mixed-use building boasts high-quality finishes throughout and is ideally situated at 119 S Monroe St, 32301, in Leon County. The available space is spread across the 3rd and 4th floors and can be leased separately, providing flexibility for businesses of varying sizes. The Alliance Center is part of a larger development encompassing over 76,000 square feet of retail, office, and condo space, ensuring a vibrant and bustling environment. A beautiful first-floor corporate lobby/reception area provides a welcoming atmosphere for clients and employees. Convenient on-site parking is available in a dedicated garage. The building benefits from a high-traffic location, with an average daily traffic count exceeding 27,500 vehicles. Multiple meeting and conference spaces are also available within the building, catering to the needs of collaborative work environments. This is an exceptional opportunity to establish a presence in a thriving downtown location with excellent amenities and high visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $117,786

  6.5%

  $108,726

  7%

  $100,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,450

  Geo Method

  $40,450

• Alternative Use

  Use

  Valuation

  Residential

  $134,820

  Hospitality

  $123,494

  Educational

  $102,746

  Medical

  $106,279

  Retail

  $159,827

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4431

Longitude

-84.2803

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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