INNOVATE Real Estate
Business at 1001 N FRANKLIN ST, TAMPA
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12 photos

$2,500,000

1001 N FRANKLIN ST
TAMPA, FL 33602
Listed by Michael Palermo · PALERMO REAL ESTATE PROF. INC.
Bedrooms
N/A
Bathrooms
N/A
Living area
9,684 sqft
Year built
1905

About this home

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.

Property details

MLS
Stellar MLS
MLS #
MFRTB8427651
Property type
Business
Subdivision
TAMPA GENERAL MAP OF 1853
Status
Active
Days on market
352
On market date
October 13, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
RAMPELLO K-8 MAGNET SCHOOL
0.51 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
773
Student:teacher ratio
16.1:1
District
HILLSBOROUGH
Middle
STEWART MIDDLE MAGNET SCHOOL
0.88 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
820
Student:teacher ratio
18.6:1
District
HILLSBOROUGH
High
HILLSBOROUGH ESE CONTRACTED RESIDENTIAL PLACEMENT
0.5 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
Enrollment
0
District
HILLSBOROUGH

Walkability

Blended score for TAMPA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

95
Highly walkable
out of 100
EPA National Walkability Index
18.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores17
Parks20
Schools20
Transit stops20
Pharmacies11

Market position

How this listing compares to current activity in TAMPA, from live MLS data.

On the market 352 days -- 269 more days than TAMPA's current average of 83 days.
For reference, the median list price across 6,422 active listings in TAMPA right now is $344,999.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$15,205/mo
$500,000 down
$2,000,000 loan
Principal & interest$12,972
Property tax (est.)$2,083
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 24 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.