119 Monroe St Tallahassee, FL 32301
- Office buildings
- 569 SF
- 0.60 lot acres
Current Use by Public Records
- Metz Husband & Daughton, P.A. / Attorney / Law Firm
- Egg Donation Florida / Fertility Clinic
- Southern Shakespeare Company / Theater Company
- Prescott R David / Attorney
- Menton J Stephen / Attorney
Property Details for 119 Monroe St
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.60 lot acres
- Property size
- 569 SF
- Property type
- Office buildings
- APN
- 21-36-41-000-000-1
- APU
- 2136410000001
Description
The Alliance Center offers a prime opportunity to lease 13,075 square feet of exceptional office space in the heart of downtown Tallahassee, Florida. This five-story mixed-use building boasts high-quality finishes throughout and is ideally situated at 119 S Monroe St, 32301, in Leon County. The available space is spread across the 3rd and 4th floors and can be leased separately, providing flexibility for businesses of varying sizes. The Alliance Center is part of a larger development encompassing over 76,000 square feet of retail, office, and condo space, ensuring a vibrant and bustling environment. A beautiful first-floor corporate lobby/reception area provides a welcoming atmosphere for clients and employees. Convenient on-site parking is available in a dedicated garage. The building benefits from a high-traffic location, with an average daily traffic count exceeding 27,500 vehicles. Multiple meeting and conference spaces are also available within the building, catering to the needs of collaborative work environments. This is an exceptional opportunity to establish a presence in a thriving downtown location with excellent amenities and high visibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $180,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $165,000
- Mixed-Use
- $185,000
- Hospitality
- $135,000
- Educational
- $135,000
- Residential Income
- $165,000
- Energy
- $160,000
- Income-Based Land
- $180,000
- Food Service
- $155,000
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2803
- Latitude
- 30.4431
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
