Monroe Street Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30775269
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 5,700 SF
Gross Land Area: 0.59 Acres
Sale Price: $2,850,000
Unit Price: $500 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Monroe St Building for Sale
Usable Size (USF): 5,700 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

Seller Leaseback: Guaranteed 1 year income on empty space
Current Tenant Info
Suite #1 Vacant (3,900 SF)
Suite #2 AT&T Cellular Store (1,800 SF)
Rent $6,405 p/month
4.5 years remaining on current lease
5 years extension

Traffic Counts: North Monroe St 38K daily
I-10 68K daily - details here
Commercial Trade Area Report - here
Walking distance to Centre of Tallahassee
Located on North Monroe near many retailers, businesses, state employee buildings
Quick & easy access to I-10/N Monroe interchange
2615 N Monroe St, Tallahassee

Additional Details

Nearest MSA: Tallahassee
County: Leon
Submarket Type: Central Business District
Taxing Authority: Leon
Tax ID/APN: 2123200260000
Zoning: HIGH INTENSITY ACTIVITY CENTER DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: Allen Rd & Sharer Rd
Property Visibility: Excellent
Largest Nearby Street: Hwy 27 / N Monroe St
Traffic/Vehicle Count: 38,000
Highway Access: I-10 quick easy access
Airports: Tallahassee International Airport
Area Description: NW Tallahassee, just south of the I-10 / N Monroe exit
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,700 SF
Property Condition: Excellent
Year Built: 2015
Roof Type: Flat
Total Parking Spaces: 27
Parking Type: Surface
Zoning Description: High Intensity Activity Center District
Water Service: Municipal
Easements: Ingress/Egress
Easements Description: Driveway
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,052 93,150 168,935
Median Age: 30 29.46 30.91
Households: 4,025 38,435 70,314

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