2555 North Monroe Street

Retail-Commercial for Sale
Catylist Listing ID: 30681283
Property Subtypes: Street Retail
Building Size (RSF): 20,606 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $94.63 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

The property consists of a 20,606 SF building situated on a 1.45 AC impervious site with excellent access and visibility along North Monroe Street. The subject is strategically located 0.67 miles southeast of Interstate-10 Exit 199, 3 miles northwest of the Florida Capitol complex, and walking distance to the Centre of Tallahassee which contains various retail/restaurant uses along with 450,000 SF of office space newly occupied by various State of Florida agencies. Asset is priced well below replacement cost ($95/SQFT) making this an intriguing opportunity for an investor looking to capitalize on the migration of state employees to the Centre of Tallahassee or the property's centralized location with quick and efficient access to Interstate-10.

Excellent Access & Visibility along North Monroe Street
Strategic Location Adjacent to Centre of Tallahassee
Priced Well Below Replacement Cost

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2123200280000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,052 94,619 171,441
Median Age: 30 29.3 31.1
Households: 4,025 38,988 71,457
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