Courtesy of , EXP Realty, LLC
Property Description
BIDDING HAS OPENED AT $1,500,000 for this Fully Leased Multi-Tenant Commercial Property on Monroe Street – A Prime Tallahassee Investment! A rare opportunity to own a fully leased multi-use commercial property on North Monroe Street, one of Tallahassee’s busiest and most visible corridors. Spanning 20,606+ square feet on 1.45 acres, this three-unit property is occupied by established tenants, each of whom has invested in renovations, demonstrating their long-term commitment. Strategically located near the I-10 flyover and just minutes from downtown, this high-traffic location ensures strong rental demand and long-term investment value. Property Highlights: Fully Leased with Reliable Income: Three long-term tenants with active leases provide immediate and stable cash flow. Prime North Monroe Street Location: Positioned in a high-traffic area with exposure to 30,000+ vehicles per day, offering excellent visibility and accessibility. Versatile Multi-Use Zoning: Ideal for retail, office, or mixed-use businesses, allowing flexibility for current tenants and future leasing opportunities. Fenced Outdoor Space: One unit includes a private fenced rear area, perfect for storage, operations, or additional business use. Side Parking Lot for Maximum Convenience: A spacious parking lot runs the length of the property along the side, providing easy access for tenants, customers, and deliveries. Adaptable Interior Layouts: The 20,606+ square feet are well-divided into three tenant spaces, each with functional layouts tailored to business needs. Strong Tenant Retention & Improvements: All tenants have invested in upgrades to their spaces, reinforcing the property’s appeal and long-term leasing stability. Minutes from Downtown & Major Business Hubs: Located near the Florida State Capitol, downtown Tallahassee, and major commercial districts, ensuring continued demand and long-term growth potential. This turnkey investment offers stable income, a prime location, and long-term appreciation potential in one of Tallahassee’s most sought-after commercial corridors. Don’t miss this opportunity!
Open House
Property Details and Features
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Property Access
- Road frontage type: Highway,MainThoroughfare
- Road surface type: Paved
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Building
- Construction materials: Brick
- PrivateRestrooms
- PublicRestrooms
- Toal building area: 20606
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Cooling
- CentralAir
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Expenses
- Insurance: $31,000
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Heating
- Central
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Listing
- Listing ID: 383512
- Standard status: Active
- 49 days on market
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Lot
- 1.45 acres
- Level
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Parking
- Paved
- ParkingSpaces
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Property
- Topography: Cleared,Level
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Roof
- Metal
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Security Features
- SecuritySystem
- SecurityLights
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Utilities
- ElectricityAvailable
- PhoneAvailable
- SewerAvailable
- WaterAvailable