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, Vacant/Owner-User |
| 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: |
10/6/2021 |
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 |
|
© 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.
|
