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Property 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.
Full Property Details
Full Property Details for 508 N Franklin St
General
- Sold For: $950,000
- Taxes: $5,657 (2021)
- Status: Closed
- Type: Retail
- Source: MidFloridaRegionalMLS
- MLS ID: T3325389
- Added to Site: 1, 647 day(s) ago
Interior
- Flooring: Concrete
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: 33602 - Tampa
- County: Hillsborough
- Development Name: 33602 - Tampa
- Subdivision: TAMPA GENERAL MAP OF 1853
- Driving Directions: From 275 N. exit 44 toward Downtown, take Ashley Street ramp. Take Tampa Street, Turn left on E. Madison to N. Franklin. On left middle of the block.
Community
- Community Name: 33602 - Tampa
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Phone Available, Sewer Nearby, Telephone Nearby, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Siding
- Ceiling Type: None
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,600
- Lot Dimensions: 26 x 100
- Frontage: Business District, City Street
- Street/Road Desc.: Paved
- Lot Features: Central Business District, City Lot, Sidewalk, Special Taxing District, Street Lights, Undeveloped
- Rcmdd Zoning: CBD-1
Financial Considerations
- Tax Amount: $5,657.08
- Tax Year: 2021
Disclosures and Reports
- Ownership: Sole Proprietor
- Special Conditions: None
- Legal Description: TAMPA GENERAL MAP OF 1853 S 26 FT OF E 30 FT OF LOT 5 AND S 26 FT OF LOT 6 BLOCK 58
- Flood Zone Info: AE
- APN: A-24-29-18-4ZI-000058-00005.3
- Property ID: A-24-29-18-4ZI-000058-00005.3
- Block/Lot/Section: 58
Listed and Sold by Florida Commercial Group
Get Pre-Approved Today
Schools
Schools serving 508 N Franklin St
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Just Elementary School 1315 West Spruce Street, Tampa, FL 33607 | K-5 | 1.1 mi |
Madison Middle School, Tampa, FL 4444 West Bay Vista Avenue, Tampa, FL 33611 | 6-8 | 4.8 mi |
Blake High School 1701 North Boulevard, Tampa, FL 33607 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 N Franklin St
Date
Details
Price
Change
Source
6/29/2023
Sold
$950,000
-17.39%
MLS
2/20/2023
Price Reduced
$1,150,000
-11.2%
MLS
8/20/2021
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
508 N Franklin Street, Tampa, FL 33602 (MLS# T3325389) is a Retail property that was sold at $950,000 on June 29, 2023. Want to learn more about 508 N Franklin Street? Do you have questions about finding other Retail real estate for sale in Tampa? You can browse all Tampa real estate or contact a Coldwell Banker agent to request more information.

