1100 N Monroe Street

Retail-Commercial for Sale
Catylist Listing ID: 30211759
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 9,000 SF
Sale Price: $699,000
Unit Price: $77.67 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2018

Overview / Comments

Fully leased investment opportunity.
Tenants are Jim's Pianos, Decades of Denim Clothing Boutique and B&T Small Engines. Jim's has a recognizable name & well respected reputation in Tallahassee. B&T has been a tenant here for over 25 years.
Cap Rate on current NOI is 7.1%

9,000 SF retail/warehouse space available for sale on .31 acres. 4,500 SF retail space with front door parking on Monroe St. and 4,500 SF of warehouse space on the lower level with access from 4th Ave.
Great storefront location in the heart of Midtown Tallahassee
Front door parking with great visibility and signage.
Zoned Central Urban (CU-45).

Additional Details

Nearest MSA: Tallahassee
County: Leon
Zoning: CU-45
Retail Clientele: General, Business, Traveler
Property Located Between: Located off N. Monroe St. between 4th and 5th Ave. in the heart of Midtown Tallahassee.
Property Visibility: Excellent
Area Description: Corner of 4th Ave. and Monroe St. in the heart of Midtown Tallahassee.
Property Condition: Good
Construction/Siding: Block
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,863 112,143 181,863
Median Age: 30.89 29.13 31.33
Households: 6,328 47,307 75,647
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