Property profile

1700 Monroe St Tallahassee, FL 32303

OFF-MARKET
Retail properties & Spaces
90,322 SF Built 2002
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2002
Total area 90,322 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Courier Service Postal Service
  • Construction Company
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Cafe & Coffee Shop

Location

1700 Monroe St Tallahassee, FL 32303
Tallahassee metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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