$6,200,000
3917 Nebraska Avenue
Tampa, FL 33603
Listing updated: June 16, 2026 at 3:24 PM ET
Listing courtesy of Bay Street Commercial Llc · Michael Braccia, PA · MLS #TB8345181 · Active · 813-254-6756Property type
Year built
Lot size
Price / sq ft
HOA dues
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
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 history501 days on market
- Status: ActiveJan 31, 2025
- Listed$5,950,000Jan 31, 2025
- Price increased$6,200,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Retail
- Status
- Active
- Days on market
- 501
- 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-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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Listings courtesy of Stellar MLS as distributed by MLS GRID
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 June 16, 2026 at 3:24 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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