3917 N NEBRASKA AVENUE, TAMPA, FL 33603
FENDIGS SUB · Hillsborough County
Key Facts
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 Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
2001
Stories
1
Living Area
15,022 sq ft
Lot Size
1.94 acres
Ownership
Corporation
Zoning
PD
Days on Market
501
MLS® Listing#
TB8345181
Property Features
Cooling
Construction
Foundation
Security
Financial Details
Annual Taxes
$56,908
Tax year 2023
Parcel Number
A-07-29-19-4MC-B00000-00004.0
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.
Affordability Calculator
$1,240,000
Estimated monthly payment
$32,999/mo
Principal $4,960,000 · Est. interest $6,919,641 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in TAMPA, FL
- $470,562
- Median Listing Price
- 69
- Median Days on Market
- 1,592
- Median Sq Ft
- $282
- Median Price / Sq Ft
- 3,244
- Active Listings
- This home’s price is 1218% above the area median.
- Its price per sq ft is 46% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in TAMPA, FL.
Location
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Points of Interest in TAMPA, FL
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Moving Cost Estimate
EXIT Agents in TAMPA
Listing Courtesy: BAY STREET COMMERCIAL LLC - 813-254-6756
Last Updated: 2025-01-31