Retail Building with Storefront
For Sale
Contact for pricing
1875 N Monroe St, Tallahassee, FL 32303
Recently constructed 2018 retail building fronts the Monroe Street corridor and is supported by recently renewed tenant leases.
Property Size5,500 SF
Price / SF$653.64
Days on Market217
Property Features for 1875 N Monroe St
General Information
Standard status
Active
Size
5,500 SF
Class
A
Total Parking Spaces
29
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Sale/Leaseback
Net Operating Income
$197,700
Building Details
Year Built
2018
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Superior Realty
Listed By:
Blair LaPete · License #SL3174573
Source:
Crexi
Added: Feb 3
Changed: Aug 23
Last Checked: Sep 8 at 4:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Superior Realty
Investment Insights
Based on property information with market context.
This recently constructed 2018 retail building was built to suit and features high-end finishes aligned with the current tenants. The property has a consistent operational history, with recently renewed tenant leases that include rental increases at extension options.
The building fronts the busy Monroe Street corridor and is located near the Northwood Center development, which includes the new Tallahassee Police Department and other intergovernmental projects. The ownership remarks also cite an investment profile of over a 5% cap rate alongside local tenant income history.
The building fronts the busy Monroe Street corridor and is located near the Northwood Center development, which includes the new Tallahassee Police Department and other intergovernmental projects. The ownership remarks also cite an investment profile of over a 5% cap rate alongside local tenant income history.
Key Highlights
- Retail building built in 2018 with high‑end finishes built to suit for current tenants
- Approximately 5,500 SF retail building fronting the busy Monroe Street corridor
- Recently renewed tenant leases with rental increases at extension options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
175k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 34%
Shops & Services 21%
Electronics 2%
Publix
Groceries
59,386 visits/mo
0.2 miles
McDonald's
Dining
30,556 visits/mo
0.2 miles
Circle K
Shops & Services
15,796 visits/mo
0.5 miles
Golden Corral
Dining
14,775 visits/mo
0.3 miles
Wendy's
Dining
9,235 visits/mo
0.1 miles
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Recently constructed 2018 retail building fronts the Monroe Street corridor and is supported by recently renewed tenant leases.
Where is this retail space located?
The property is located at 1875 N Monroe St Tallahassee, FL.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Retail building built in 2018 with high‑end finishes built to suit for current tenants; Approximately 5,500 SF retail building fronting the busy Monroe Street corridor; Recently renewed tenant leases with rental increases at extension options
