DREW PARK INFILL IOS | INVESTMENT
$6.30M
Classification: DC-Convertible Building
Existing building with industrial characteristics suitable for repurposing
Site Map & Areas
This listing has not been placed on the map yet, so site areas cannot be drawn.
Technical Specifications
- Acreage
- 4.02 acres
- Building Size
- 175,111 SF
- Zoning
- Industrial General (IG) with Light Industrial Future Land Use and a maximum 1.5 FAR
Infrastructure Intelligence
Scored using engine v1 · 10/19/2026
Fiber Connectivity
No fiber providers documented for this listing yet.
Infrastructure scores blend nearest-substation distance, voltage, dual-feed status, and known fiber providers. Distances are computed via haversine on HIFLD substation coordinates.
Description
This 4.02-acre industrial assemblage at Drew Park delivers immediate income and strategic repositioning potential in Tampa's Airport corridor. The site comprises three contiguous parcels at 5011, 5015, and 5021 North Clark Avenue, offering 3.478 acres of functional industrial outdoor storage, a renovated 5,832-square-foot multi-tenant building, and a 672-square-foot office and scale-house structure. Industrial General zoning permits 1.5 FAR, providing substantial development density for expansion or conversion. The property generates $488,323.84 in transition-year income through a one-year seller leaseback and existing tenant agreements, yielding a 7.75% cap rate on the $6.3 million asking price. Three perimeter access points and underground stormwater retention maximize usable surface area while preserving infrastructure capacity. Following leaseback expiration, the site offers flexibility for owner occupancy, re-leasing to credit tenants, or continued industrial use, positioning well for infrastructure development or warehouse-to-technical conversion in a high-demand submarket.
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