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.
** This offering is co-listed with Andretta Properties (William Besselieu)
** Also available for lease
LINK TO SALE BROCHURE: https://buildout.com/sharing/1226490-sale?file=3571672
LINK TO SALE PROPERTY WEBSITE: http://properties.baystreetcommercial.com/1226490-sale
LINK TO LEASE BROCHURE: https://buildout.com/sharing/1226490-lease?file=2949215
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 15,022 sqft
- Land Size
- 84,366 sqft
- Zoning
- PD being changed to CG
- Year Built
- 2001
Location
- Address
-
3917 N. Nebraska Avenue
Tampa, Florida 33603