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$859,900
Est. payment /mo
7,947 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commer/Business/Industr
Listing Status Active
Purchase Type For Sale
Square Footage 7,947 sqft
Price per Sqft $108
Subdivision Lake Jackson Drive
MLS Listing ID 396417
Construction Status Concrete Block,Metal Building
Lot Size 0.860 Acres
Property Sub-Type Commer/Business/Industr
Property Description
Prime Mixed-Use Investment Opportunity – North Monroe Corridor Excellent income-producing opportunity located on highly visible North Monroe Street in Tallahassee. This versatile mixed-use property features three separate buildings, offering diversified income potential and flexible configurations for retail, warehouse, office, or live/work use. The street-facing building is a multi-tenant strip center consisting of four units, designed for a combination of retail and warehouse/flex space. With strong road frontage and steady traffic exposure, this building provides excellent visibility and accessibility for tenants. The second building is the original home on the property w/great current long term tenant with established clientele. The third building consists of two duplicate warehouse units, each configured with approximately 500 square feet of dedicated office space, making them ideal for contractors, service businesses, light industrial users, or storage with administrative operations. This warehouse component enhances income stability and broadens tenant appeal. The property currently generates approximately $100,000 in annual gross revenue and is positioned at an estimated 8.3% cap rate, offering strong in-place cash flow with additional upside potential through rent optimization and operational improvements. Property Highlights: • Three separate buildings • Four-unit retail/flex strip with road frontage • Two warehouse units with office build-out • Additional residential/office structure • Approx. $100,000 annual gross income • ~8.3% cap rate • Multiple income streams • Value-add and rent growth potential Ideal for investors seeking diversified cash flow with upside, or owner-users looking to offset occupancy costs through rental income.
Location
State FL
County Leon
Area Leon
Interior
Heating Central Building, Units Vary
Cooling Central Building, Units Vary
Exterior
Road Frontage Government Maint., Paved, U.S. Highway
Building
Construction Status Concrete Block,Metal Building
Others
Ownership Trust No 3976Nms
SqFt Source Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Bert Pope Realty, LLC
NEARBY SCHOOL & BUSINESS
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