119 Monroe StTallahassee, FL 32301

  • Office properties
  • 569 SF
For Sale
$10,950,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
119 Monroe St, Tallahassee, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,595
$32,803
$151,636
$184,439
-
$32,803
$151,636
$184,439

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