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    Monroe St Tallahassee, FL 32301

    For Sale
    $485,000

    0.62 Acres, Prime C2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.62-acre commercial land parcel presents a prime development opportunity in Tallahassee, Florida. Located on South Monroe Street, just south of Orange Avenue, this property boasts a highly visible location with exceptional traffic counts exceeding 17,200 AADT on South Monroe Street and 26,000 AADT at the intersection of Orange Avenue and South Monroe Street. The property is zoned C2, allowing for a wide range of commercial uses, making it ideal for investors seeking versatile development options. Its strategic location is surrounded by established businesses, including prominent national chains like Taco Bell and McDonald's, ensuring high visibility and accessibility. The area is densely populated, with numerous apartment complexes and established neighborhoods nearby, providing a strong customer base for any commercial venture. This property comprises two lots (APN: 41-12-050-02-0100 & 41-12-050-02-0080) and offers ample space for development, making it an attractive investment for both short-term and long-term growth. The property's proximity to local beaches and its position on a major thoroughfare leading to these destinations further enhances its appeal. This is a rare opportunity to acquire a highly desirable commercial property in a thriving Tallahassee location. The asking price is $485,000.

    Property Features for 0 Monroe St

    General Information

    Property type
    Land
    Lot Size
    27,007 SF

    HighLights

    • $485,000 asking price for 0.62 acres of commercial land.
    • C2 zoning allows for versatile commercial development.
    • High‑visibility location on S Monroe St in Tallahassee, FL.
    • Ample space for development, surrounded by established businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.280718958262
    Latitude
    30.407588582895

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    FAQs

    What type of property is this?
    Land - 0.62 Acres, Prime C2 Zoning
    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 $485,000.
    What are key features of this property?
    This property features: $485,000 asking price for 0.62 acres of commercial land.; C2 zoning allows for versatile commercial development.; High-visibility location on S Monroe St in Tallahassee, FL.
    (850) 385-6363
    Request Owner's contact information
    Monroe St Tallahassee, FL 32301
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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 32301
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