Business and Retail Property For Sale

927-931 N Monroe St Tallahassee, FL 32303

927-931 N Monroe St, Tallahassee, FL, 32303
927-931 N Monroe St, Tallahassee, FL, 32303 927-931 N Monroe St, Tallahassee, FL, 32303 927-931 N Monroe St, Tallahassee, FL, 32303
FOR SALE
Property Type:
Free Standing Building
Amount:
$2,950,000
Last Verified:
Jul 24, 2024

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Highlights

  • 8,763 SF building offering ample space for retail opportunities
  • Comprises three units, providing flexibility for tenant arrangements
  • Thoughtfully renovated in 2024 to meet modern standards
  • Zoned CU45, offering versatility for a variety of commercial uses
  • Strategically located in the thriving Tallahassee area
  • Prime investment opportunity in a dynamic and growing market
  • Ideal for Retail / Free Standing Building investors seeking a prominent presence
  • Fully Executed NDA required for additional information, financials, and tours

Description

Introducing an exceptional opportunity for Retail / Free Standing Building investors, this prime property at 927-931 N Monroe St, Tallahassee, FL, 32303 stands as a testament to timeless appeal and modern functionality. Boasting a total of 8,763 SF across three units, this meticulously renovated building offers a compelling investment proposition. Built in 1956 and thoughtfully revitalized in 2024, the property exudes a perfect blend of historic charm and contemporary updates. Zoned CU45, it is ideally positioned to leverage the rising potential of the thriving Tallahassee area. With its strategic location and impressive features, this property presents an attractive prospect for investors seeking a prominent presence in this dynamic market.

Sale includes Property, Existing Leases, and one (1) Business. Additional information available after a Non-Disclosure Agreement (NDA) has been fully executed. Businesses still in operation; please reach out to an agent to schedule a tour.

Experience the dynamic energy of Tallahassee, FL, where the property is strategically positioned. This thriving locale boasts a diverse array of attractions and amenities, attracting a wide range of patrons. Situated in close proximity to Florida State University and the State Capitol, the area enjoys substantial foot traffic and a robust customer base. Furthermore, the property stands amidst a vibrant retail landscape, offering prime investment potential for institutional investors seeking to capitalize on the area's growth and development. With its strategic location and rich surroundings, the property presents an exceptional opportunity for Retail / Free Standing Building investors to establish a strong presence in this flourishing market.


Year Built: 1956
Building Size: 8763sq ft
Lot Size: 0.36 acres


Documents

927 N Monroe St

Map of 927-931 N Monroe St, Tallahassee, FL, 32303

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.