101 Cherry Street

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30713347
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 7,107 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $80.91 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2021

Overview / Comments

101 Cherry is a 2-story, 7,107 SF office building located in the heart of Downtown Monticello, FL right along the Courthouse Circle. The asset is priced well below replacement cost ($80.90/SF) creating an excellent opportunity for a business owner/investor to acquire the property for a low basis and do some aesthetic renovations. The property consists of numerous private offices, 4 bathrooms, open space for cubicles or collaborative space, an elevator, an expansive boardroom accompanied with a kitchen, the "president's suite", an outdoor patio overlooking the Courthouse Circle, and it's own private parking lot containing 6 parking spaces. Inquire today about purchasing this Monticello, FL landmark.

Priced Well Below Replacement Cost
Strategically Located
High Walkability
Private Parking Lot Included

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Jefferson
Tax ID/APN: 00-00-00-0360-0000-0360

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,992 8,658
Median Age: 42.06 44.02
Households: 1,605 3,088
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