2441 Monroe Street

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30328304
Property Subtypes: Retail, Retail-Pad, Other
Status: Pending/Contingent
Gross Land Area: 3.30 Acres
Sale Price: $4,000,000
Unit Price: $1,212,121 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2020

Overview / Comments

This 3.3 acre outparcel to the Centre of Tallahassee mall is an infill parcel and is an excellent redevelopment opportunity. The site is situated at road-grade level, at the hard corner/intersection of North Monroe Street and Allen Road (lighted intersection). The site is nearly 100 % impervious and ideal for redevelopment, has offsite storm-water retention, and excellent access with multiple driveway connections and additional access through the adjacent shopping center. The Centre of Tallahassee Mall includes an outdoor entertainment/concert venue area, a movie theatre (AMC) big box retail, a restaurant food court and other various local retailers. There are 2 improved buildings on the site, a vacant bank branch and an 6,4000 sf retail building.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2124202010000
Property Visibility: Excellent
Traffic/Vehicle Count: 41,174
Site Description: The property is located at the northeast intersection of North Monroe Street (U.S. 27) and Allen Road, as the hard corner outparcel to the Centre of Tallahassee Mall. Access to the site is made via driveway connections to both N. Monroe and Allen Rd. The site has approximately 233' on N. Monroe and approximately 352 feet on Allen Road. The site is irregular in shape. N. Monroe is a 4-6 lane major commercial through-fare with traffic counts in excess of 40,000 VPD. The site also has reciprocal/cross easement access across and through the adjacent Centre of Tallahassee Mall property.
Zoning Description: High Intensity Commercial | AC - Activity Center

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,006 96,067 171,883
Median Age: 28.41 29.2 31.09
Households: 4,755 39,565 71,617


Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial TALrex.com Member
Photograph of Listing Agent

Francis P. Rentz, CCIM

SVN | SouthLand Commercial TALrex.com Member
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