$6,200,000

3917 Nebraska Avenue

Tampa, FL 33603

Listing updated: February 18, 2026 at 6:51 PM ET

Active

Baths

15,022

Sq Ft

1.94

Acres

2001

Built

◆1.94 acres◆$413/sqft◆360° tour

Retail

Property type

2001

Year built

84,366 sqft

Lot size

$413

Price / sq ft

No HOA

HOA dues

383

Days on market

Flood zone

About this home

This former 15,022 SF freestanding drug store (Walgreens) is situated on a 84,366 SF (1.94 Acre) CG (Commercial General) zoned lot at the lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd which enjoys a combined traffic count of 35,000 VPD (both streets). The interior of the structure features high ceilings of approximately 20 ft and column spacing of 35 ft and has a covered drive through lane and ample 3-phase power. The building as also fully fire sprinklered. The site features excellent access from both Dr Martin Luther King and Nebraska Ave and boasts 67 parking spaces. Preliminary site plan approval for a "Live Local" redevelopment yielded a probable site plan of 230-250 units with 7 story height limit after a zoning & comprehensive plan change. The property sits within an Opportunity Zone, and, given the scope of the potential project, a doubling of basis would be easy to achieve. ** Also available for lease Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I-275 and I-4, offering easy access to surrounding areas, including downtown.

Estimated monthly payment

Principal & interest$31,351

Property taxes$4,742

Home insurance (est.)$2,842

Down payment

20%

$1,240,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history383 days on market

Status: Active
Jan 31, 2025
Listed$5,950,000
Jan 31, 2025
Price increased$6,200,000

Facts & features

Property type: Commercial Sale
Sub type: Retail
Status: Active
Days on market: 383
Subdivision: Fendigs Sub
County: Hillsborough
Year built: 2001
Living area: 15,022 sq ft
Price/sq ft: $413
Lot size: 84,366 sq ft
Lot category: 1 to less than 2
Flood zone: X
Annual taxes: $56,908 (2023)
Parcel #: A-07-29-19-4MC-B00000-00004.0
Zoning: PD
MLS #: TB8345181

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Heating & Cooling

Cooling: Central Air

Parking

Parking features: Over 30 Spaces

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Ownership: Corporation

Exterior & Construction

Construction materials: Block
Foundation: Slab
Road surface: Asphalt

Listing Details

Listing date: 2025-01-31
On market date: 2025-01-31
Original list price: $5,950,000
MLS area: 33603 - Tampa / Seminole Heights
Listing AOR: Suncoast Tampa
Status changed: 2025-01-31
Tax legal description: FENDIGS SUBDIVISION LOTS 1 TO 12 BLOCK B AND LOTS 15 TO 19 BLOCK B TOGETHER WITH A PORTION OF THE 10 FOOT VACATED ALLEY BEING MORE PARTICULARLY DESCRIBED AS: BET AT SE COR OF LT 12 BLK B FENDIGS SD THN N89-35 -42W 410 FT TO E RW OF N NEBRASKA AVE, THN ALG SAID E RW LINE N00-27-43E 175.01 FT TO A CURVE CONCAVE SELY W RADIUS OF 41 FT THN NELY CB N45-26E CHD DISTANCE 57.95 FT TO S RW OF MLK JR BLVD THN ALG SAID LINE S89-35-42E 81.22 TO A CURVE CONCAVE NLY W RAD OF 1484.11 FT CHD BRG N87-27-05E CHD DISTANCE 152.94 FT TO A REV CURVE CONCAVE SLY W RAD OF 1186.37 FT, CB N86-33-30E CHD DIST 85.29 FT THN S00-27-43W 104.57 FT THN S89-35-42E 50 FT THN S00-27-43W 125 FT TO POB LESS FOLLOWING DESC PARCEL: COM AT SE COR OF LOT 12 BLOCK B THN N 89 DEG

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Veterans Express (589 S), continue on SR-60 E (Memorial Hwy), 1.53 miles, take the exit toward Tampa/I-4 onto I-275 N, 6.58 miles, take exit 46B toward Martin Luther King Jr Blvd, onto N Taliaferro Ave, 0.20 miles, turn right onto E Dr Martin Luther King Jr Blvd, 0.15 miles, turn right, 0.02 miles, turn left, 0.02 miles to property.

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of February 18, 2026 at 6:51 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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