CENTURY 21 Edge
✦ Business

Commercial Sale · Business

$2,500,000$3,150,0009,880 sq ft$253 /sq ft0.13 acres

1001 N FRANKLIN STREET, TAMPA, FL, 33602

Active364 days on marketListed Oct 13, 2025MLS #TB8427651

About this property

The property at a glance

Redevelopment Opportunity in Downtown Tampa. Current zoning (CBD-1) allows for Medium to High-Rise Development with no FAR restrictions. Located on the NE corner of Franklin Street and Tyler Street, 1001 N. Franklin St. sits in the heart of downtown Tampa surrounded by luxury high-rise apartments, dining and entertainment venues and the newly renovated Herman Massey Park across the street.

9,880

Building sq ft

$253

Price / sq ft

0.13

Lot acres

1905

Year built

1

Building

CBD-1

Zoning

Business

Property type

Building size9,880 sq ft
Lot size0.13 acres
Year built1905
Buildings1
ZoningCBD-1
ConstructionBlock · Brick
CoolingNone
Annual taxes$12,073

The numbers

Investment snapshot

Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.

Estimated payment (illustrative)

Down payment25% · $625,000
Interest rate6.00%
Loan term

Estimated payment

$12,408/mo

Principal & interest$11,242
Property taxes (actual bill)$1,006
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Bridget to connect you with a commercial lender for real numbers.

Where it sits

Location & trade area

24,000vehicles / day · 2025E Harrison St to E Estelle St · Traffic count · Florida DOT
5-min drive10-min drive15-min drive

What’s nearby

Herman Massey ParkPark0 mi
Marion Street North & Cass Street Eastbus stop0.1 mi
Domino'sRestaurant0.1 mi
Marion Street @ Cass Streetbus stop0.1 mi
Morgan Street North & Tyler Street Eastbus stop0.1 mi
Marion Street North & Cass Street Eastbus stop0.1 mi
Duckweed Urban GroceryGrocery0.1 mi
SolecietyRetail0.1 mi
North Florida Avenue @ Polk Streetbus stop0.1 mi
Marion Street @ Cass Streetbus stop0.1 mi
Paddywagon Irish PubRestaurant0.1 mi
SpringHill SuitesLodging0.1 mi
EbbeRestaurant0.1 mi
Marion Street North & Tyler Street Eastbus stop0.1 mi
Ashley Drive @ Tyler Streetbus stop0.1 mi
Caffeine RoastersRestaurant0.1 mi
The Hub BarRestaurant0.1 mi
Osteria Bar and KitchenRestaurant0.1 mi
The Hungry GreekRestaurant0.1 mi
Dracula's LegacyRestaurant0.1 mi
Si-amRestaurant0.1 mi
Tampa Street @ Cass Streetbus stop0.1 mi
KahwaRestaurant0.1 mi
Tampa Street @ Royal Streetbus stop0.1 mi

Business data © OpenStreetMap contributors

The area

Who's around this property

2,953

Population

$79,318

Median income

33

Median age

2

Avg household

$471,300

Median home value

$2,202/mo

Median rent

144

Households w/ kids

Consumer profile

Film LoversTop 3%

Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.

Dance DevotionTop 3%

Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.

Party LifeTop 3%

The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.

Girl SquadTop 6%

From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.

BookishTop 8%

Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.

NetworkingTop 9%

Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.

Recent sales

What actually sold near 1001 N FRANKLIN STREET

The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

3915 N TAMPA STREET

$23,400

3915 N TAMPA STREET

4,121 sqft · $6/sqft · Sold Aug 28, 2025

1902 W CASS STREET

$1,150,000

1902 W CASS STREET

2,660 sqft · $432/sqft · Sold Apr 10, 2026

2110 W MAIN STREET

$425,000

2110 W MAIN STREET

1,850 sqft · $230/sqft · Sold Jun 1, 2026

Your team

The pros in your corner

Bridget McLennon

Your agent

Bridget McLennon

Real Estate Agent · CENTURY 21 Edge

Tours, offers, and every question about 1001 N FRANKLIN STREET — start here.

CallText
bridget.mclennon@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 1001 N FRANKLIN STREET.

Get in touchCall
aacosta@prmg.net

See it in person

Schedule a tour

Live availability from Bridget's calendar — pick a time and it's booked.

Keep looking

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Listing courtesy of PALERMO REAL ESTATE PROF. INC. · Michael Palermo. MLS #TB8427651.

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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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