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3917 N Nebraska Ave 15,022 SF Retail Building Tampa, FL 33603 $6,200,000 ($412.73/SF)

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Investment Highlights

  • Available for Sale - 1.94 acre Former Corner Drug Store / Opportunity Zone Redevelopment Site - 15,022 SF - Tampa, FL 33604
  • Located at the at the lighted intersection n of Nebraska Ave and Dr Martin Luther King Jr Blvd combined traffic count of 35,000 VPD (both streets)
  • Also Available for Lease
  • Former 15,022 SF freestanding drug store (Walgreens) - Situated on a 84,366 SF (1.94 Acre) CG (Commercial General) zoned lot
  • High ceilings of approximately 20 ft and column spacing of 35 ft - Covered drive through lane - Ample 3-phase power
  • Detailed Sale and Lease Brochures Under Links

Executive Summary

Available for Sale - 1.94 acre Former Corner Drug Store / Opportunity Zone Redevelopment Site - 15,022 SF - Tampa, FL 33604
This former 15,022 SF freestanding drug store (Walgreens) is situated on a 84,366 SF (1.94 Acre) CG (Commercial General) zoned lot at the lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd which enjoys a combined traffic count of 35,000 VPD (both streets). The interior of the structure features high ceilings of approximately 20 ft and column spacing of 35 ft and has a covered drive through lane and ample 3-phase power. The building as also fully fire sprinklered. The site features excellent access from both Dr Martin Luther King and Nebraska Ave and boasts 67 parking spaces. Preliminary site plan approval for a "Live Local" redevelopment yielded a probable site plan of 230-250 units with 7 story height limit after a zoning & comprehensive plan change. The property sits within an Opportunity Zone, and, given the scope of the potential project, a doubling of basis would be easy to achieve.
** This offering is co-listed with Andretta Properties (William Besselieu)
Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I-275 and I-4, offering easy access to surrounding areas, including downtown.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,022 SF
Building Class
B
Year Built
2001
Price
$6,200,000
Price Per SF
$412.73
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
67 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
51’ on Nebraska Ave

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3917
  • 15,022 SF
  • Retail
  • -
  • Now

Available for Lease: Former "Heights" Walgreens Retail Site (Nebraska & MLK) - 15,022 SF - Tampa, FL 33603. Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I-275 and I-4, offering easy access to surrounding areas, including downtown. Estimated CAM: $10.15 15,022 SF - Initial estimated monthly rent: $44,002 (includes base rate + CAM) plus applicable sales tax ** This offering is co-listed with Andretta Properties (William Besselieu)

Space Size Space Use Position Available
3917 15,022 SF Retail - Now

3917

Size
15,022 SF
Space Use
Retail
Position
-
Available
Now

3917

Size 15,022 SF
Space Use Retail
Position -
Available Now

Available for Lease: Former "Heights" Walgreens Retail Site (Nebraska & MLK) - 15,022 SF - Tampa, FL 33603. Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I-275 and I-4, offering easy access to surrounding areas, including downtown. Estimated CAM: $10.15 15,022 SF - Initial estimated monthly rent: $44,002 (includes base rate + CAM) plus applicable sales tax ** This offering is co-listed with Andretta Properties (William Besselieu)

Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

CrossFit
Checkers

Property Taxes

Property Taxes

Parcel Number
A-07-29-19-4MC-B00000-00004.0
Land Assessment
$100
Improvements Assessment
$1,915,900
Total Assessment
$1,916,000
  • Listing ID: 34665597

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 3917 N Nebraska Ave, Tampa, FL 33603

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