0 Monroe St Tallahassee, FL 32303
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.