SOMO: Multi-Tenant Retail Building

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30731892
Property Subtypes: Retail-Pad, Street Retail
Status: Pending/Contingent
Building Size (RSF): 6,600 SF
Gross Land Area: 0.80 Acres
Sale Price: $690,000
Unit Price: $104.55 PSF
Property Use Type: Investment
Building Name: SOMO Retail Center
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/3/2022

Overview / Comments

Offered for sale, South Monroe Commons is a 6,600 sq. ft. neighborhood strip retail center in Tallahassee, FL. This value add center is well located with great visibility. The property consists of a 1 story steel frame retail building that is currently split into three leaseable units and accessory site improvements including a concrete parking lot, landscaping, and business signage. The property is on a concrete slab and has a corrugated metal and painted concrete block exterior. There are approximately 40 parking spaces onsite. This property is located at the northeast intersection of Monroe St. and Yager St.
It is 0.2 of a mile from Florida A & M University and Capital City Country Club.
The location is also a short drive from Downtown Tallahassee & Gaines Street Redevelopment. Neighboring retailers include Walgreens, Dollar Tree, CarePoint, Wendy's, Advance Auto Parts, O'Reilly Auto Parts, and Marathon Gas.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 4112200040000
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,600 SF
Property Condition: Good
Total Parking Spaces: 41
Parking Type: Surface
Parking Description: Concrete surface parking

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,247 100,498 150,740
Median Age: 24.86 27.34 29.2
Households: 4,338 41,413 62,621


Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Tallahassee Board of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.