Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 3043 North Florida Avenue, a 0.30-acre commercial infill site strategically located at the convergence of Tampa Heights and Ybor City—just steps from the multi-billion-dollar Gas Worx redevelopment corridor. Zoned Commercial Intensive (CI), the site supports a wide range of retail, office, medical, and flex uses, making it a prime candidate for redevelopment or repositioning. The property offers direct frontage on Florida Avenue, a high-visibility arterial with over 18,000 vehicles per day, and sits within a federally designated Opportunity Zone, opening the door to substantial tax advantages for qualified investors. Anchored by the Gas Worx master plan—a transformative public-private partnership between the City of Tampa and Strategic Property Partners (SPP)—this corridor is undergoing a complete revitalization, with thousands of residential units, new office inventory, hotel development, and vibrant street-level retail reshaping the urban core. Currently underutilized, the property provides investors with multiple value-creation strategies: Ground-up redevelopment to capture surging demand for boutique retail, live/work space, or creative office. Build-to-suit or land lease opportunity targeting expanding Gas Worx vendors or service providers. Short-term lease-up with NOI stabilization, then exit at a favorable cap rate amid area growth. This is a rare chance to control a commercially zoned parcel in one of Tampa’s most rapidly appreciating submarkets—where location, policy incentives, and urban redevelopment align to generate outsized returns.