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    1700 Monroe St Tallahassee, FL 32303

    Sponsored
    For Lease
    $25 SF/Yr

    High-traffic Tallahassee retail space available.

    Lot size:
    90,322 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at Lake Ella Plaza, a thriving shopping center in Tallahassee, Florida. The property, situated at 1700 N Monroe St (and 1694 N Monroe St), boasts a total of 90,322 square feet within a single, one-story building constructed in 2002 and renovated in 2024. Currently, 3,000 square feet of space is available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 3,000 square feet. The property sits on an 11.86-acre lot and offers ample parking with a ratio of 4.76 spaces per 1,000 square feet. The center enjoys a prime location on N Monroe Street (US 27), a major thoroughfare with a high average annual daily traffic count of 37,588 vehicles. Its strategic position provides excellent visibility and accessibility, further enhanced by its proximity to Tharpe Street and Martin Luther King Blvd. Lake Ella Plaza benefits from its association with a high-performing Publix supermarket, along with other established businesses including UPS, H&R Block, and various restaurants and service providers. The property is zoned as Activity Center and is conveniently located near Florida State University (FSU), Florida A&M University (FAMU), Tallahassee Community College (TSC), government offices, and a substantial residential population. This presents a unique opportunity to establish or expand a business in a well-established, high-traffic location with a proven track record of tenant longevity. City electric power is available. The APN is 2125200240000.

    Property Features for 1700 Monroe St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,322 SF
    Total Rate
    188170.83

    Building Details

    Year Built/Renovated
    2002/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Lake Ella Plaza Publix Shopping Center
    Size
    3,000 SF
    Rate per SF
    $25

    HighLights

    • Prime central Tallahassee location in the Midtown area.
    • Anchored by a top‑performing Publix supermarket.
    • 1,000‑3,000 square feet of available retail space, divisible.
    • High‑traffic location with signalized intersection at Tharpe Street and Martin Luther King Blvd.
    • Excellent visibility and accessibility with high average daily traffic counts on surrounding streets.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anytime Fitness Fitness Center The UPS Store Shipping And Mailing Service Kent Development LLC Construction Company Adept Technologies Software Company Midtown Kava Lounge Cafe

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2842258
    Latitude
    30.4627263

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    FAQs

    What type of property is this?
    Retail property - High-traffic Tallahassee retail space available.
    Where is this retail property located?
    The property is located at 1700 Monroe St Tallahassee, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime central Tallahassee location in the Midtown area.; Anchored by a top-performing Publix supermarket.; 1,000-3,000 square feet of available retail space, divisible.
    Request Owner's contact information
    1700 Monroe St Tallahassee, FL 32303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Monroe St Tallahassee, FL 32303
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