USAFLTallahasseeLake Jackson Drive3976 N Monroe Street

3976 N Monroe Street, Tallahassee, FL

Name: 3976 N Monroe Street, For Sale in Tallahassee - eXp Realty
Brand: Bert Pope Realty, LLC
SKU: 396417
Price: 859900 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$859,900

000

MLS® 396417

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age

MLS® Number 396417

Property Address: 3976 N Monroe Street, Tallahassee, FL, 32303

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number396417

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 20, 2026List Date

$859,900List Price

Commute

Commute

Starting Address

Destination Address

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