3917 N NEBRASKA AVENUE at

3917 N NEBRASKA AVENUE

For sale Days on market 383

$6,200,000

$413/sq ft

$250,000
Price Increased

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Overview

Year Built

2001

Sqft

15022

Property Type

Retail

Property Description

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 Details

MLS#

TB8345181

Total Floor in Bldg

Address

3917 NEBRASKA N

City

Tampa

State/county

Zip/Postal Code

33603

Area

Fendigs Sub

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$56,907

Maint Fee

$--

Tax Year

2023

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