1007 FRANKLIN ST, Tampa, FL 33602
Three-story block construction in CBD-1 zoning, positioned across from Herman Massey Park for flexible mixed-use redevelopment.
- Added:
- Jun 12, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 8:20 am
Property Features for 1007 FRANKLIN ST
General Information
- Standard status
- Active
- Size
- 15,878 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multifamily, Mixed Use, Retail
Building Details
- Year Built
- 1895
Listing agent Chris Pixley License #SL3236442
Listing office Engel & Völkers New Smyrna Beach (352) 267-4244
Listing date Jun 12, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Engel & Völkers New Smyrna Beach
HighLights
- Approximately 15,460 SF site with an existing 15,878 SF three‑story commercial/office building built in 1895
- CBD‑1 (Central Business District) zoning in the City of Tampa allowing a broad range of mixed‑use redevelopment options
- Block construction three‑story building suitable for commercial/office uses and potential redevelopment
- Located in both a designated Opportunity Zone and the Downtown Tampa Community Redevelopment Area (CRA)
- Directly across from Herman Massey Park with walkability to Downtown Tampa destinations including the Tampa Riverwalk and Amalie Arena
Overview
The site is located along Historic Franklin Street in Downtown Tampa’s urban core and is directly across from Herman Massey Park. The remarks also note immediate walkability to downtown destinations including the Tampa Riverwalk, Amalie Arena, restaurants, entertainment venues, retail destinations, and cultural attractions.
Zoned CBD-1 (Central Business District) within the City of Tampa, the property allows a broad range of high-density mixed-use redevelopment opportunities, including residential, hospitality, office, retail, and entertainment-oriented uses as described in the offering materials. The property is also listed as being within both a designated Opportunity Zone and the Downtown Tampa Community Redevelopment Area (CRA), which the remarks state provides redevelopment and investment incentives. Additionally, the offering notes the potential to assemble adjoining parcels to create an expanded footprint for larger-scale future development, supporting a range of redevelopment strategies for qualified investors and developers.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $381.1k | $24.00 |
| − Vacancy | −$93.4k | −$5.88 |
| EGI | $287.7k | $18.12 |
| − OpEx | −$71.9k | −$4.53 |
| NOI | $215.8k | $13.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4597373
- Latitude
- 27.9525605
