The property is located at 1213-1231 North Monroe Street, Tallahassee, Florida. The site is approximately 1.00 acre situated on the east side of North Monroe Street approximately 160 feet south of its intersection with East 6th avenue. Monroe Street is a major retail corridor and the 'Gateway' to Tallahassee and the State Capitol Building. Traffic counts are this site are in excess of 40,000 vehicles per day. Excellent and rare opportunity to own a retail shopping center investment property located in the popular and trendy Midtown area of Tallahassee, Florida. This neighborhood retail strip center is a total of 12,800/- square feet on approximately 1 acre. The site has just undergone a complete parking lot renovation with a new configuration resulting in over 47 parking spaces, new asphalt, and striping. There is upside to the investment by increasing some of the below market rents and bringing them up to market levels.
The property is located at 1213-1231 North Monroe Street, Tallahassee, Florida. The site is approximately 1.00 acre situated on the east side of North Monroe Street approximately 160 feet south of its intersection with East 6th avenue. Monroe Street is a major retail corridor and the 'Gateway' to Tallahassee and the State Capitol Building. Traffic counts are this site are in excess of 40,000 vehicles per day. Excellent and rare opportunity to own a retail shopping center investment property located in the popular and trendy Midtown area of Tallahassee, Florida. This neighborhood retail strip center is a total of 12,800/- square feet on approximately 1 acre. The site has just undergone a complete parking lot renovation with a new configuration resulting in over 47 parking spaces, new asphalt, and striping. There is upside to the investment by increasing some of the below market rents and bringing them up to market levels.
