# 3976 N Monroe Street, Tallahassee, FL 32303

> **TL;DR:** commercial, $859,900.
> A/C. Est. $3,726/mo. Listed 101 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $859,900 |
| Lot Size | 37,462 sqft (0.86 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 101 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,726 |
| **Total** | **$3,726** |

## Key Amenities

- A/C

## Property Highlights

- 0.86 acre lot

## Description

### 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.

## Location

- **Address:** 3976 N Monroe Street, Tallahassee, FL 32303
- **County:** Leon
- **Neighborhood:** LAKE JACKSON DRIVE
- **Coordinates:** 30.507627, -84.336192
- **Google Maps:** https://www.google.com/maps?q=30.507627,-84.336192

## Listing Agent

- **Name:** Bert Pope
- **Brokerage:** Bert Pope Realty, LLC
- **Phone:** 8509332378
- **Email:** bert@bertpope.com

## Primary Photo

![3976 N Monroe Street - Primary Photo](http://lh.rdcpix.com/c0c60964c347cda87892f4d6f3c2fc0dl-f2300834068r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/3976-n-monroe-street-tallahassee-fl-32303-l396417)*

---

**MLS#:** 396417 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3976-n-monroe-street-tallahassee-fl-32303-l396417)

---

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