Midtown Buildings For Sale

Office for Sale
Catylist Listing ID: 30860953
Property Subtypes: Office Building
Building Size (RSF): 21,125 SF
Gross Land Area: 0.77 Acres
Sale Price: $1,856,000
Unit Price: $87.86 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Midtown Bldgs For Sale 115 E Georgia St & 506/508 N Monroe St
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2023

Overview / Comments

Offering consists of two buildings on two separate parcels
115 E Georgia St is 19,445 gross SF. This multiple-tenant, two-story building is located on the corner of North Monroe St & East Georgia St. One-Lane Drive-Thru in rear of building. Built 1959. PID #2136401663840
506/508 N Monroe is a 1,680 SF+/- two-story block building with multiple tenants. Commercial 1st floor / Residential 2nd floor. Built 1960. PID#2136401633825.
43 parking spaces, 5 of which are covered
Additional parking along the street
Lighted signal with dedicated turn lane on N Monroe St
Signage on N Monroe St
Detailed financials available with Confidentiality Agreement
Traffic count 31,000 FDOT

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon
Tax ID/APN: 2136401663840 & 2136401633825
Property Located Between: E Georgia St & E Carolina St
Property Visibility: Excellent
Airports: Tallahassee International Airport
Area Description: Midtown Tallahassee just on the edge of downtown near Hotel Duval and the new Industry Apartments.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1960
Parking Description: 43 spaces which include 5 covered spaces
Total Parking Spaces: 43
Zoning Description: Central Urban -45

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,416 111,507 176,325
Median Age: 29.04 28.36 30.89
Households: 6,469 46,819 73,336


Photograph of Listing Agent

Lawrence "Chip" Hartung

Coldwell Banker Hartung TALrex.com Member
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