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    3917 Nebraska Ave Tampa, FL 33603

    For Lease
    $25 SF/Yr

    High-traffic freestanding retail space

    Lot size:
    15,022 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15,022 sq. ft. former Walgreens in Tampa, FL, presents a prime retail opportunity. Located at the highly visible intersection of Nebraska Avenue and Dr. Martin Luther King Jr. Boulevard, this property boasts a combined daily traffic count of 35,000 vehicles. The 1.94-acre lot offers ample parking (67 spaces) and excellent access from both major thoroughfares. The building itself features impressive 20-foot high ceilings, 35-foot column spacing, a covered drive-thru lane, and 3-phase power. It's also fully equipped with a fire sprinkler system. Currently undergoing a zoning change from Planned Development to Commercial General (CG), the site will have a "Retail Pharmacy" restriction, but most other retail commercial uses will be permitted. The building offers flexible space, ranging from 7,500 to 15,022 square feet. Initial estimated monthly rent, inclusive of base rate, CAM ($6.33), and sales tax, is projected at $20,756 for 7,500 sq. ft. and $41,573 for the full 15,022 sq. ft. The property's strategic location near I-275 and I-4 provides easy access to downtown Tampa and surrounding areas. This is a remarkable opportunity for a business seeking high visibility and convenient access in a thriving Tampa location.

    Property Features for 3917 Nebraska Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,022 SF

    Unit(s) available at that property

    Space
    Size
    15,022 SF
    Rate per SF
    $25

    HighLights

    • 15,022 sq. ft. former Walgreens, prime retail opportunity in Tampa, FL.
    • High‑traffic location at Nebraska Ave & Dr. Martin Luther King Jr. Blvd (35,000 vehicles daily).
    • 1.94‑acre lot with 67 parking spaces, excellent access from major roads.
    • Features 20‑ft ceilings, 35‑ft column spacing, drive‑thru, 3‑phase power, fire sprinklers.
    • Zoning change to Commercial General (CG) with Retail Pharmacy restriction; flexible space (7,500 - 15,022 sq. ft.).
    • Estimated monthly rent: $20,756 (7,500 sq. ft.) or $41,573 (full building).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinhub Bitcoin ATM ... Atm Vonzell Peoples Pharmacy Thong Truong Pharmacy TD Bank ATM Atm COVID-19 Drive-Thru Testing ... Medical Laboratory

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4503353
    Latitude
    27.9810581

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic freestanding retail space
    Where is this individual retail property located?
    The property is located at 3917 Nebraska Ave Tampa, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 15,022 sq. ft. former Walgreens, prime retail opportunity in Tampa, FL.; High-traffic location at Nebraska Ave & Dr. Martin Luther King Jr. Blvd (35,000 vehicles daily).; 1.94-acre lot with 67 parking spaces, excellent access from major roads.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3917 Nebraska Ave Tampa, FL 33603
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