26’x100’ Lot :: Retail/ Office :: Franklin Street, Downtown Tampa

Retail-Commercial for Sale
Catylist Listing ID: 30756845
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 2,600 SF
Gross Land Area: 0.06 Acres
Sale Price: $1,295,000
Unit Price: $498.08 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Original Grill Station
Usable Size (USF): 2,600 SF
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Florida Commercial Group is pleased to present an opportunity to acquire and develop a commercial land site in bustling Downtown Tampa. Subject measures 26’ x 100’, is paved, enclosed and is situated immediately North of the intersection of Madison Street and Franklin Street. Zoned CBD-1, this zoning subdistrict is appropriate for CBD projects in areas with low-to mid-rise structures. Due to fire damage, this is a commercial re-build of a 2-story building, uses may include restaurant, café, bistro, lounge or martini bar. If building is higher than 2 stories, must verify with the City of Tampa as well as the Fire Marshal regarding building restrictions. This is an attractive site for countless commercial commerce types- a great location that may be renovated and built out as a courtyard to feature any type of DJ or live band concert venue, private parties, beer garden, bazaar or an open market. Special Events can do well here too.
Located in the heart of Downtown Tampa; this property boasts approximately 26’ of Franklin Street frontage and is situated directly between Ashley Drive and Florida Avenue. This location is also in direct proximity to main traffic arteries in the area, numerous highly traveled commerce routes and is surrounded by a myriad of rapidly growing commercial businesses and high-end residential development! You will also have immediate access to East Tampa, Ybor City, Channel District, South Tampa, West Tampa, Davis Island and Harbour Island. This is an amazing investment opportunity for an owner/ user or future development in growing Downtown Tampa. Call today for a property brochure.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1829244ZI000058000053A
Zoning: CBD-1
Retail Clientele: General, Business, Traveler, Recreation, Convention
Property Located Between: Franklin Street and Madison Street
Property Visibility: Excellent
Largest Nearby Street: Florida Avenue
Feet of Frontage: 26
Traffic/Vehicle Count: 3,100
Highway Access: Interstate 275, Florida Avenue, Kennedy Blvd, Selmon Cross-Town Expressway
Airports: Tampa International Airport
Site Description: Brokers, Seller is Calling all Developers, Investors, Contractors and Builders. Come view this COMMERCIAL DEVELOPMENT OPPORTUNITY!!! Featuring a 26’ x 100’ lot, this property is enclosed, paved and is located immediately North of the intersection of Franklin Street and Madison Street, right in the prime part of Downtown Tampa. Construction projects such as a lounge, restaurant or any type of eatery with a courtyard for entertainment or unwinding can do well here. There is some curbside parking as well as additional street parking on nearby streets or in the paid parking lot just ½ block East at Madison and Florida Avenue. CBD-1 zoning allows for many types of commercial uses and with a Downtown-friendly business plan, this property may easily be converted for a single or 2-story commercial end user in the arts, retail, restaurant or design business! Although the property’s zoning will allow for alcohol sales and consumption, the new owner will need to apply for a special use 1 or 2 permit per the City’s zoning and use codes. Some additional uses for this property/location are an urban farm, open-air market, pocket park, courtyard garden, outside events venue and so on. The possibilities are endless. This is an opportunity to put your company’s name on your newly constructed building within one of the busiest pedestrian thoroughfares in this Central Business District. Come put your stamp on the Downtown market joining CVS, FedEx, GTE Financial Credit Union along with an assortment of many other top Tampa businesses. Call for additional property details.
Area Description: Now available for sale: a vacant commercial lot that is ready for development and new construction. Subject is located within an excellent growth market and boasts direct access to Madison Street and Twiggs Street by way of Franklin Street. This property not only offers great visibility; it also offers excellent frontage and can benefit from immediate access to the major surrounding travel corridors. Nestled 4/10ths of a mile South of the on ramp to Interstate 275, this site is central enough to serve all your Bay Area customers. Adjacent to CVS Drug Store and walking distance to Lykes Gaslight Park, this location is in a high pedestrian traffic location and is on the edge of all the action. You’ll be in immediate proximity to Government Centers (City Hall, Federal Court House, County Court House, Tampa Police Dept.), varying commercial commerce (banking, hotels, restaurants, retail, schools, professional services, entertainment and museums), as well as access to residential high-rises, co-ops and urban condo residents. There is also ease of access to Interstate 275, Florida Avenue, Kennedy Blvd, Selmon Cross-Town Expressway, the Channel District, Ybor City, South Tampa and all of the Greater Downtown Tampa area. You’ll be just about anywhere in Tampa within minutes. Downtown Tampa is a high-energy business and retail district that is undergoing an extremely high influx of new residential and commercial growth and is also frequented by local and regional visitors. A great place to invest, relocate or expand your business. Get in on this commercial Investment and own your piece of Downtown Tampa. Call for Details.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,600 SF
Property Condition: Poor
Year Built: 1900
Roof Type: Other
Construction/Siding: Block
Parking Type: Surface
Parking Description: curbside parking as well as additional street parking on nearby streets or in the paid parking lot just ½ block East at Madison and Florida Avenue
Interior Description: Building's interior was destroyed in 2020 fire
Zoning Description: CBD-1 (Central Business District) This zoning subdistrict is appropriate for CBD projects in areas with low- to mid-rise structures CBD-1: Maximum height 55 feet or five stories, whichever is greater. Increased intensity of use and/or maximum height may be extended up to 155 feet or 15 stories, whichever is greater, through the application of the floor area ratio (FAR) bonus option with the approval of the city manager, or their designee.
Lot Frontage: 26
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TAMPA GENERAL MAP OF 1853 S 26 FT OF E 30 FT OF LOT 5 AND S 26 FT OF LOT 6 BLOCK 58

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,086 112,040 263,182
Median Age: 29.61 36.5 37.14
Households: 8,230 47,353 107,780

Contact

Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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