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Property profile & analytics
OFF-MARKET Estimated value $740,000
Drive through restaurants

9601 Dr Martin Luther King Jr Blvd Tampa, FL 33610-7408

3,553 SF 1.31 ac lot Built 1984
Trust Owned 6-yr Hold Free & Clear
Property ID
US18-2588652
Property summary
AI-generated overview

This 0.73-acre commercial parcel in Tampa, Florida, is available for sale or lease. Located at 9601 E Dr Martin Luther King Jr Blvd, this fee-simple property boasts a highly desirable Commercial Intensive (CI) zoning, allowing for diverse development opportunities. The site benefits from exceptional visibility and accessibility, situated on a major thoroughfare with an impressive 35,500 average annual daily traffic (AADT). Its strategic location offers convenient access to Interstate 4 and Interstate 75, placing it within easy reach of Tampa's extensive transportation network. The property shares cross-access with a Starbucks, further enhancing its visibility and attracting significant foot traffic. The surrounding area features a high concentration of hotels, including well-known brands like Residence Inn, Sheraton, Staybridge Suites, and Hilton, contributing to a substantial tourist presence. With a maximum allowable building height of 45 feet, developers have considerable flexibility in project design. The parcel offers two points of ingress/egress, enhancing convenience and functionality. Demographic data reveals a strong market within a 3-mile radius, with a population of 48,470 and an average household income of $71,995. The asking price is $650,000, and the property's APN is U-07-29-20-28E-000001-00001.1. This presents a compelling investment opportunity for developers seeking a prime location in a thriving Tampa market.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,553 SF
Lot 1.31 ac (57,137 SF)
Zoning code CI
APN U07292028E000001000010
UPID US18-2588652
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
Current use
Occupant on record · Public records
  • Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
$832k
Blend (final) Blend
$740k
Owner & transaction history
Styler Family Trust · 6 yrs held
Styler Family Trust
since 2020
Last sale
$617,500
7 recorded transactions
2020
$2.5M
2019
Price N/A
2018
$617,500
2011
Price N/A
2007
Price N/A
2007
Price N/A
2002
$500,000
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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