1212 N Monroe St - Fast Food FOR SALE


Tallahassee, FL 32303- Levy Park
$3,300,000 USD
850-508-4105
1212 N Monroe St, Tallahassee, FL for Sale
$3,300,000 USD
Fast Food - FOR SALE
1/14
null | 6.94% Cap Rate

1212 N Monroe St
Tallahassee, FL 32303
Levy Park


HIGHLIGHTS

  • Adjacent to FedEx Office
  • Major renovations in 2022
  • Exterior paint and area lighting 2026

OVERVIEW

Midtown Landing consists of a 11,743 NL-square-foot retail strip center located at 1212 & 1216 North Monroe Street, Tallahassee, Florida, 100% leased. The subject is situated on a 1.0 +/- acre parcel of land. The subject is further identified by Tax Parcel Numbers: 21-21-25-51-000-013-0 & 21-25-45-000-157-0 with strong frontage on North Monroe Street. Built in the 1950s with significant improvements completed in 2010, 2017 & 2022, and a recent exterior painting and exterior building lights upgrade. 45 parks with street parking to the west. Tenants include Brueggers Bagels, Planet 13, MDVIP, Hummingbird Wine Bar & Kitchen, with outdoor seating at the Wine Bar and Brueggers. Long-term leases with minimal Landlord responsibility. New Pricing includes new flat roof over Brueggers and new roof on the 1212 Building. Call Steve to show or for more information at 850-508-4105.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$637 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CU-45

APN/PARCEL ID

21-25-45-000-157-0,21-25-51-000-013.0

ASK ABOUT THIS PROPERTY

Steve MattoxMattox Realty, Inc.More Info
850-508-4105

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Steve MattoxMattox Realty, Inc.More Info
850-508-4105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.