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Redevelopment Land for High-Rise
For Sale
$2,500,000

1001 N FRANKLIN Street, Tampa, FL 33602

COMMERCIAL - TAMPA, FL

Property Size9,684 SF
Lot Size0.13 Acres
Price / SF$258.16
Days on Market309

Property Features for 1001 N FRANKLIN Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning CBD-1
Subdivision TAMPA GENERAL MAP OF 1853
Directions I-275 to South on Ashley Drive to East on Fortune Street to South on Franklin Street. The property will be on the NE corner of Franklin Street and Tyler Street.
Standard status Active
APN A-13-29-18-4ZI-000008-00003.1
Size 9,684 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description THE S 1/2 OF LOT 3 BLOCK 8, TAMPA GENERAL MAP OF 1853, PLAT BOOK 1, PAGE 7
Tax Annual Amount 12073
Legal Description THE S 1/2 OF LOT 3 BLOCK 8, TAMPA GENERAL MAP OF 1853, PLAT BOOK 1, PAGE 7

Building Details

Year built 1905
Floors in Building 2
Building materials Block, Brick
Listing Agency: PALERMO REAL ESTATE PROF. INC.
Listed By: Michael Palermo · License #681569
Added: Oct 13, 2025 Changed: Aug 4 Last Checked: Aug 17 at 7:06PM
MLS# TB8427651

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial land site offers a redevelopment opportunity with current zoning of CBD-1, which allows for medium to high-rise development with no FAR restrictions. The parcel contains approximately 0.13 acres (about 9,684 square feet) and is available for sale.

The property is located on the northeast corner of Franklin Street and Tyler Street in downtown Tampa. Public remarks indicate it is surrounded by luxury high-rise apartments as well as dining and entertainment venues, with Herman Massey Park newly renovated and across the street.

For buyers evaluating downtown infill or vertical redevelopment under CBD-1, this parcel’s stated zoning flexibility is a key consideration.

Key Highlights

  • Located on the NE corner of Franklin Street and Tyler Street at 1001 N. Franklin St in downtown Tampa
  • Current zoning is CBD‑1, allowing medium to high‑rise development (no FAR restrictions listed)
  • Construction materials include block and brick

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Locksmith Mobile Phone Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,022
Businesses Nearby

Demographics for 33602, FL

19,936
Population
11,972
Households
1.7
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
7,668
Density / Sq Mi
$88,569
Median Household Income
$66,434
Median Earnings
$2,119
Median Rent
$560,400
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - CBD-1 zoned land permitting medium-to-high-rise development with no FAR restrictions.
Where is this commercial land located?
The property is located at 1001 N FRANKLIN Street Tampa, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Located on the NE corner of Franklin Street and Tyler Street at 1001 N. Franklin St in downtown Tampa; Current zoning is CBD‑1, allowing medium to high‑rise development (no FAR restrictions listed); Construction materials include block and brick
More about this property
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