Renovated 82-Room Economy Hotel

2681 North Monroe Street Tallahassee, FL 32303

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Renovated 82-room economy hotel on 1.92 acres along a primary commercial corridor.

Type:Hospitality
Property size:
35,414 SF
Lot size:
1.92 Acres
Price / SF:
$90/SF
Added:
Jul 7, 2026
Days on Market:
7
Last Refresh:
Jul 9 at 2:57 am

Property Features for 2681 North Monroe Street

General Information

Standard status
Active
Size
35,414 SF
Lot size
1.92 Acres
Property subtype
Hospitality

Building Details

Year Built
1978

Listing office NewGen Advisory Phoenix

Listing date Jul 7, 2026

Source Crexi

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 NewGen Advisory Phoenix


Investment Insights

Based on property information with market context.

Econo Lodge North Tallahassee is an 82-room economy hotel situated on 1.92 acres along one of Tallahassee’s primary commercial corridors. The property completed a comprehensive renovation in 2025, including a new roof, parking lot resurfacing, and full bathroom renovations, supported by more than $300,000 in capital improvements.

The hotel operates under the Econo Lodge/Choice Hotels flag and is positioned to serve diversified demand tied to Florida State Capitol activity, Florida State University, Florida A&M University, and Tallahassee International Airport. Tallahassee is home to two major universities and is anchored by state government and healthcare, contributing to a year-round demand profile.

With no single demand driver dominating the mix, the asset is designed for steadier operating performance throughout the year, including periods impacted by the Legislative Session and major university events.

Key Highlights

  • Renovated 82‑room economy hotel on 1.92 acres along one of Tallahassee’s primary commercial corridors
  • Comprehensive 2025 renovation with $300,000+ in capital improvements including a new roof
  • 2025 upgrades also include parking lot re‑surfacing and full bathroom renovations

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Econo Lodge North Hotel & Motel

Suggested Use

Real Estate Agency Dental Office Law Firm Kitchen & Bath Showroom Big Box & Wholesale Store Electrical Service Auto Parts Store Building Supply Food Market Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Hotel - Renovated 82-room economy hotel on 1.92 acres along a primary commercial corridor.
Where is this hotel located?
The property is located at 2681 North Monroe Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Renovated 82‑room economy hotel on 1.92 acres along one of Tallahassee’s primary commercial corridors; Comprehensive 2025 renovation with $300,000+ in capital improvements including a new roof; 2025 upgrades also include parking lot re‑surfacing and full bathroom renovations
Contact an agent
(520) 664-4091 Call to check price and availability
More about this property
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