508 Franklin Ave | Vacant Land in Downtown Tampa

Vacant Land for Sale
Catylist Listing ID: 30850679
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 2,600 SF
Sale Price: $1,985,000
Unit Price: $763.46 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/5/2023

Overview / Comments

Florida Commercial Group is pleased to present an opportunity to acquire and develop a commercial land site in bustling Downtown Tampa. Subject measures 26’ x 100’, is paved, enclosed and is situated immediately North of the intersection of Madison Street and Franklin Street. Zoned CBD-1, this zoning subdistrict is appropriate for CBD projects in areas with low-to mid-rise structures. Due to fire damage, this is a commercial re-build of a 2-story building, uses may include restaurant, café, bistro, lounge or martini bar. If building is higher than 2 stories, must verify with the City of Tampa as well as the Fire Marshal regarding building restrictions. This is an attractive site for countless commercial commerce types- a great location that may be renovated and built out as a courtyard to feature any type of DJ or live band concert venue, private parties, beer garden, bazaar or an open market. Special Events can do well here too.
Located in the heart of Downtown Tampa; this property boasts approximately 26’ of Franklin Street frontage and is situated directly between Ashley Drive and Florida Avenue. This location is also in direct proximity to main traffic arteries in the area, numerous highly traveled commerce routes and is surrounded by a myriad of rapidly growing commercial businesses and high-end residential development! You will also have immediate access to East Tampa, Ybor City, Channel District, South Tampa, West Tampa, Davis Island and Harbour Island. This is an amazing investment opportunity for an owner/ user or future development in growing Downtown Tampa. Call today for a property brochure.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 193499.0000
Property Visibility: Excellent
Feet of Frontage: 26
Highway Access: I-275, I-75
Airports: TPA
Site Description: Florida Commercial Group is pleased to present an opportunity to acquire and develop a commercial land site in bustling Downtown Tampa. Subject measures 26’ x 100’, is paved, enclosed and is situated immediately North of the intersection of Madison Street and Franklin Street. Zoned CBD-1, this zoning subdistrict is appropriate for CBD projects in areas with low-to mid-rise structures. Due to fire damage, this is a commercial re-build of a 2-story building, uses may include restaurant, café, bistro, lounge or martini bar. If building is higher than 2 stories, must verify with the City of Tampa as well as the Fire Marshal regarding building restrictions. This is an attractive site for countless commercial commerce types- a great location that may be renovated and built out as a courtyard to feature any type of DJ or live band concert venue, private parties, beer garden, bazaar or an open market. Special Events can do well here too. Located in the heart of Downtown Tampa; this property boasts approximately 26’ of Franklin Street frontage and is situated directly between Ashley Drive and Florida Avenue. This location is also in direct proximity to main traffic arteries in the area, numerous highly traveled commerce routes and is surrounded by a myriad of rapidly growing commercial businesses and high-end residential development! You will also have immediate access to East Tampa, Ybor City, Channel District, South Tampa, West Tampa, Davis Island and Harbour Island. This is an amazing investment opportunity for an owner/ user or future development in growing Downtown Tampa. Call today for a property brochure.
Lot Frontage: 26
Lot Depth: 100
Zoning Description: CBD-1 Tampa

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,086 111,756 263,182
Median Age: 29.61 36.52 37.14
Households: 8,230 47,338 107,780

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