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3216 N Monroe St
Tallahassee, FL 32303
Microtel Inn & Suites Tallahassee · Hospitality Property For Sale
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31,198 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2010 |
| Building Class | B | Parking Ratio | 2.08/1,000 SF |
| Lot Size | 2.14 AC | Corridor | Interior |
| Building Size | 31,198 SF | ||
| Zoning | CP | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.14 AC |
| Building Size | 31,198 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2010 |
| Parking Ratio | 2.08/1,000 SF |
| Corridor | Interior |
| Zoning | CP |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 3216 N MONROE ST , TALLAHASSEE, FL 32303
The Microtel Inn & Suites is well-positioned within Tallahassee with easy access to Interstate 10 while also being just four miles from the Florida State Capital, Florida State University and Florida A&M. Tallahassee has been growing over the past years with a 6.8 percent population increase from 2010 - 2018. Tallahassee has millions of visitors a year primarily coming to the city for the universities and the Florida State Capital attractions. The Microtel Inn & Suites is located on the Monroe Street exit which is one of the most popular exits in Tallahassee for retail, restaurants, and hospitality. The Microtel and the overall hotel market in Tallahassee has seen consistently growing gross revenue since 2015. The Microtel will require a PIP on the sale which should lead to even more increase in revenue after the renovations.
PROPERTY TAXES
| Parcel Number | 21-15-51-447-111.2 | Improvements Assessment | $1,422,639 |
| Land Assessment | $1,007,825 | Total Assessment | $2,430,464 |
PROPERTY TAXES
