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    Monroe St Tallahassee, FL 32303

    For Sale
    $495,000

    Prime 1.62-acre residential development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.62-acre property, located on N Monroe St in Tallahassee, Florida (zip code 32303), presents a unique investment opportunity. The land, encompassing four lots within the established Runnymede neighborhood, is zoned OR-2, offering versatile development potential. While ideal for residential construction, the OR-2 zoning also permits a wide array of commercial uses, including churches, schools, daycare centers, banks, and offices. The property's convenient location provides easy access to a variety of amenities, including shops, restaurants, grocery stores, gas stations, and entertainment venues. Nearby national and local retailers such as Walgreens, Subway, Ace Hardware, Auto Zone, Fresh 4 Less, and Dunkin' Donuts further enhance the property's desirability. The asking price is $495,000. The property's APN is 210970 C0210 210970 C0200 210970 C0190 210970 C0170. The lots are being sold as a single unit; individual lot sales are not available. This is an excellent opportunity to acquire a substantial parcel of land in a thriving Tallahassee neighborhood with diverse development possibilities. The property is situated in Leon County.

    Property Features for 0 Monroe St

    General Information

    Property type
    Land
    Lot Size
    70,567 SF

    HighLights

    • $495,000 asking price for 1.62 acres of land.
    • Located in Tallahassee, Florida, in Leon County, zip code 32303, on N Monroe St.
    • Residential zoning (OR‑2) also permits various commercial uses including churches, schools, and offices.
    • Four contiguous lots in the established Runnymede neighborhood.
    • Convenient to shopping, restaurants, and other amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.330944464786
    Latitude
    30.504746012344

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    FAQs

    What type of property is this?
    Land - Prime 1.62-acre residential development site
    Where is this land located?
    The property is located at Monroe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for 1.62 acres of land.; Located in Tallahassee, Florida, in Leon County, zip code 32303, on N Monroe St.; Residential zoning (OR-2) also permits various commercial uses including churches, schools, and offices.
    (850) 385-6363
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    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Monroe St Tallahassee, FL 32303
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