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Property profile & analytics
OFF-MARKET
Drive through restaurants

6620 Dr Martin Luther King Jr Blvd Tampa, FL 33619-1118

3,178 SF 1.02 ac lot Built 1987
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US18-2248856
Property summary
AI-generated overview

This freestanding quick-service restaurant (QSR) building, located at 6620 E Dr Martin Luther King Jr Blvd in Tampa, Florida (zip code 33619), offers 3,178 square feet on a 1.022-acre lot. Built in 1987 and renovated in 2000, the single-story building features 35 parking spaces and is zoned CI. Its prime location at the I-4 and E Dr Martin Luther King Jr Blvd interchange provides exceptional visibility, with property line access to I-4 ideal for large signage. The property benefits from high traffic counts due to its proximity to I-4, three nearby hotels/motels, the Hard Rock Hotel & Casino, and the Florida State Fairgrounds. The surrounding area includes a mix of commercial and light industrial businesses, ensuring a steady stream of potential customers. Within a five-mile radius, there are over 5,000 residential units. The property is currently vacant and available immediately. Public power is available. The annual property taxes are $4.37 per square foot. The property is offered as a triple net (NNN) lease, with the owner potentially open to a sale or lease-option-to-purchase agreement. This presents a unique opportunity for a QSR operator or a business seeking a high-visibility location in a rapidly growing area of Tampa. The APN is U-02-29-19-ZZZ-000001-43300.0. A drive-through is available.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,178 SF
Lot 1.02 ac (44,533 SF)
Zoning code CI
APN U022919ZZZ000001433000
UPID US18-2248856
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Broadstone Wi East LLC · 13 yrs held
Broadstone Wi East LLC
since 2013
3 recorded transactions
2013
$2.0M
2012
$1.2M
1969
Price N/A
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

rty as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2…

Zone name Commercial Intensive
General category COMMERCIAL
Zone area 3,248.54 ac
Source Zoning Training | City of Tampa
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