N Monroe Investment Properties
Retail-Commercial
for Sale
| Catylist Listing ID: |
30624558 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
6,069 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.29 Acres
|
| Sale Price: |
$495,000 |
| Unit Price: |
$81.56 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Stokes N Monroe Investment Properties |
| Usable Size (USF): |
4,394 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.43% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/15/2021 |
Overview / Comments
Two adjacent retail commercial buildings, fully leased. Two spaces of approximately 1457 SF and two at 740 SF. One building has unfinished basement.
Located on US 27 N with traffic counts of 39,446 (CoStar), across from Lake Ella Plaza Publix and CVS. 1733 N Monroe is 3062 SF and 1707 N Monroe is 1457 plus 1550 SF unfinished basement.
|
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
2125200290000 |
| Zoning: |
ACTIVITY CENTER |
| Retail Clientele: |
General |
| Property Located Between: |
E. Tharpe Street and Lake Ella Drive (Lake Ella Park) |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US 27 & Tharpe |
| Feet of Frontage: |
968 |
| Traffic/Vehicle Count: |
39,446 |
| Highway Access: |
US 27, 3 miles to I-10 |
| Site Description: |
High traffic area with median, sloping lot with two 2-story buildings with ground level access to front units and ground level access to rear units. |
| Area Description: |
Site is surrounded by retail, office and residential and is a major thoroughfare for local traffic through Tallahassee. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
1,457 SF |
| Property Condition: |
Average |
| Year Built: |
1954 |
| Roof Type: |
Flat |
| Construction/Siding: |
Concrete |
| Exterior Description: |
Two concrete block buildings separated by drive to the rear of the property. |
| Total Parking Spaces: |
17 |
| Parking Type: |
Surface |
| Parking Description: |
Surface parking, 8 spaces in front and 9 in the rear of the property. |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central, Wall Units |
| Air Conditioning: |
Package Unit, Window Unit |
| Interior Description: |
Open with some partitions and a restroom in each space. |
| Zoning Description: |
Activity Center |
| Lot Frontage: |
96.8 |
| Lot Depth: |
159 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
1733 N Monroe:
25 1N 1W .238 A
IN NE 1/4
OR 1317/964 96-870PR 1966/2355
OR 2368/1809
1707 N Monroe:
25 1N 1W .05 A
IN NW 1/4 OF NE 1/4 OF NE 1/4
OR 396/96 2368/1809 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,100 |
104,996 |
178,753 |
| Median Age: |
34.68 |
29.8 |
31.7 |
| Households: |
5,386 |
44,877 |
74,625 |
|
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