Technical
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Property profile

0 Monroe St Tallahassee, FL 32301

OFF-MARKET
Land
0.62 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 0.62 ac (27,007 SF)

Cap rate & NOI

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

Location

Monroe St Tallahassee, FL 32301
Tallahassee metro
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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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