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Freestanding Retail/Restaurant Building
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502 W Grand Central Ave, Tampa, FL 33606

Freestanding building totaling 4,108 SF with retail or restaurant space on two floors.

Property Size4,108 SF
Days on Market283

Property Features for 502 W Grand Central Ave

General Information

Standard status Active
Size 4,108 SF
Property subtype RETAIL

Building Details

Stories 2
Listing Agency: Colliers | Tampa
Listed By: Erica Waltermire
Source: Moodyscre
Added: Dec 9, 2025 Changed: Sep 8 Last Checked: Sep 18 at 7:40AM

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 Colliers | Tampa

Investment Insights

Based on property information with market context.

This freestanding retail or restaurant opportunity totals 4,108 SF, with 2,397 SF on the first floor and 1,711 SF on the second floor. The property is well-suited for operators seeking dedicated indoor space across two levels.

Located at 502 W Grand Central Ave in Tampa, the building sits just west of Downtown Tampa and directly across the street from the University of Tampa. It is also across from Oxford Exchange and near a cluster of active neighborhood businesses, including a restaurant, bookstore, coworking office, gift shop, and café. Nearby and surrounding tenants referenced in the remarks include Mise En Place, Tori Bar, Oxford Exchange, Mayday Ice Cream, and Paint Nail Bar. The area is described as densely populated, with high household incomes over $146,000 within 1 mile and strong daytime population.

Key Highlights

  • Freestanding retail or restaurant building totaling 4,108 SF across two floors (2,397 SF first floor, 1,711 SF second floor)
  • Located just west of Downtown Tampa, across the street from the University of Tampa in the Hyde Park neighborhood
  • Across the street from Oxford Exchange, plus nearby tenants including coworking, bookstore, gift shop, and café

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic 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

8,956
Businesses Nearby
106k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 46% Groceries 40% Electronics 4% Dining 3%
Publix Groceries
42,651 visits/mo 0.3 miles
Chevron Shops & Services
16,137 visits/mo 0.2 miles
Sunoco Shops & Services
7,798 visits/mo 0.2 miles
The UPS Store Shops & Services
5,418 visits/mo 0.2 miles
Metro by T-Mobile Electronics
4,702 visits/mo 0.3 miles

Demographics for 33606, FL

22,271
Population
10,918
Households
2
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
6,749
Density / Sq Mi
$113,634
Median Household Income
$46,311
Median Earnings
$1,931
Median Rent
$796,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Tampa, FL

6.3% 2019
6.3% 2020
5.3% 2021
4.3% 2022
4% 2023
3.8% 2024
4.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding building totaling 4,108 SF with retail or restaurant space on two floors.
Where is this retail space located?
The property is located at 502 W Grand Central Ave Tampa, FL.
What are key features of this property?
This property features: Freestanding retail or restaurant building totaling 4,108 SF across two floors (2,397 SF first floor, 1,711 SF second floor); Located just west of Downtown Tampa, across the street from the University of Tampa in the Hyde Park neighborhood; Across the street from Oxford Exchange, plus nearby tenants including coworking, bookstore, gift shop, and café
(813) 605-4471 Call to check price and availability
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