3090 N Monroe St - Hospitality FOR SALE


Tallahassee, FL 32303- Lake Jackson
$4,400,000 USD
901-674-6105
3090 N Monroe St, Tallahassee, FL for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/5
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3090 N Monroe St
Tallahassee, FL 32303
Lake Jackson


HIGHLIGHTS

  • Prime I-10 Location – High visibility & easy on/off access at N Monroe Street exit
  • 73-Room Quality Inn – Strong national brand + reservation system
  • Year-Round Demand – FSU, FAMU, State Capitol & major hospitals
  • Excellent Amenities – Outdoor pool, free hot breakfast & high-speed Wi-Fi
  • 1.83 Acres + 85 Parking Spaces – Includes bus & truck accommodations
  • Strong Upside Potential

OVERVIEW

Marketing Description Prime Interstate & University Location Highly visible 73-room limited-service Quality Inn located immediately off I-10 at the N Monroe Street exit (Exit 199) in Tallahassee, Florida. This established hotel/retail corridor is one of the busiest gateways linking the Florida Panhandle, state capital, major universities, and I-10 freight traffic. Quality Inn by Choice Hotels provides a strong national reservation system and loyalty program, along with popular limited-service amenities including an outdoor pool and complimentary hot breakfast. The two-story exterior-corridor building (built 1985) sits on 1.83 acres with 85 surface parking spaces (including bus & truck accommodations). Recent improvements include a new tankless water heater system. Tallahassee’s diverse, year-round demand from Florida State University, Florida A&M University, the State Capitol complex, two major hospital systems, and steady I-10 pass-through traffic delivers stable occupancy and strong rate growth potential. Investment Highlights • Prime Interstate & University Location Highly visible 73-room limited-service Quality Inn located immediately off I-10 at the N Monroe Street exit — one of Tallahassee’s busiest corridors linking the Florida Panhandle, state capital, and major universities. • Excellent Brand & Operational Position Quality Inn by Choice Hotels with strong national reservation system, loyalty program, outdoor pool, and complimentary hot breakfast. Easy highway access in an established hotel/retail corridor. No major capex required near-term. • Strong Market Positioning & Positive Outlook Tallahassee is the economic, governmental, educational, and medical hub for the Florida Panhandle. Sustained demand from FSU, FAMU, state government offices, two major hospitals, and I-10 traffic supports stable occupancy and rate growth.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$184 USD /SF

# OF ROOMS

73

PRICE/ROOM

$60,274 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Tallahassee Near University

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

CP

APN/PARCEL ID

21-15-20-403-000.0

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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