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$5,250,000

3917 N NEBRASKA AVENUE, TAMPA, FL 33603

3D Tour
Active572 days on market

Beds

Baths

0

Sq Ft

15,022 sq ft

Year Built

2001

Lot Size

1.94 acres

Garage

About This Property

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. ** Also available for lease 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 Overview

Property TypeCommercial Sale
Sub TypeRetail
MLS #TB8345181
StatusActive
Year Built2001
Stories1
ConstructionBlock
FoundationSlab
SubdivisionFENDIGS SUB
CountyHillsborough
OwnershipCorporation

Interior Features

CoolingCentral Air
SecurityFire Sprinkler System

Exterior & Lot

Lot Size1.94 acres (84,366 sq ft)
Road SurfaceAsphalt
0

Utilities

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$5,250,000
Original Price$5,950,000
Annual Taxes$56,908 (2023)
ZoningPD
Parcel #A0729194MCB0000000004.0

Directions

Veterans Express (589 S), continue on SR-60 E (Memorial Hwy), 1.53 miles, take the exit toward Tampa/I-4 onto I-275 N, 6.58 miles, take exit 46B toward Martin Luther King Jr Blvd, onto N Taliaferro Ave, 0.20 miles, turn right onto E Dr Martin Luther King Jr Blvd, 0.15 miles, turn right, 0.02 miles, turn left, 0.02 miles to property.

Location

3917 N NEBRASKA AVENUE, TAMPA, FL 33603

Listing Information

OfficeBAY STREET COMMERCIAL LLC
ListedJanuary 31, 2025

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Home Price

$5,250,000

20% ($1,050,000)
6.75%

Loan Term

Principal & Interest$27,241
Property Tax (est.)$4,813
Insurance (est.)$150
Total Monthly$32,204
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: August 26, 2026.

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