$1,500,000
$1,500,000
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20,606 SqFt
SOLD DATE : 08/14/2025
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Auction Property
Listing Status Sold
Purchase Type For Sale
Square Footage 20,606 sqft
Price per Sqft $72
MLS Listing ID 383512
Sold Date 08/14/25
Construction Status Brick,Roof - Metal
Lot Size 1.450 Acres
Property Sub-Type Auction Property
Property Description
AUCTION! AUGUST 14TH 2:30 PM EST. MINIMUM BID IS $500,000 for this 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: Leased with Reliable Income: Two long-term tenants with active leases provide immediate and stable cash flow. Third Tenant is vacating in September. 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!
Location
State FL
County Leon
Area Ne-01
Interior
Heating Central Building
Cooling Central Building
Exterior
Road Frontage Main Thoroughfare, Paved, U.S. Highway
Building
Construction Status Brick,Roof - Metal
Others
Ownership Every Nation Church
SqFt Source Tax
Acceptable Financing Cash, Conventional, Private, Other
Listing Terms Cash, Conventional, Private, Other
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