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3917 N Nebraska Ave
For Sale $6,200,000 ($412.73 per Sq Ft)
$6,200,000 ($412.73 per Sq Ft)
- Units
- 15,022 Sq Ft
- 84,366 Sq Ft
- Unknown Cap Rate
Description
This former 15,022 SF freestanding drug store (Walgreens) is situated on a 84,366 SF (1.94 Acre) CG (Commercial General) zoned lot at the lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd which enjoys a combined traffic count of 35,000 VPD (both streets). The interior of the structure features high ceilings of approximately 20 ft and column spacing of 35 ft and has a covered drive through lane and ample 3-phase power. The building as also fully fire sprinklered. The site features excellent access from both Dr Martin Luther King and Nebraska Ave and boasts 67 parking spaces. Preliminary site plan approval for a "Live Local" redevelopment yielded a probable site plan of 230-250 units with 7 story height limit after a zoning & comprehensive plan change. The property sits within an Opportunity Zone, and, given the scope of the potential project, a doubling of basis would be easy to achieve.
** Also available for lease
Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I-275 and I-4, offering easy access to surrounding areas, including downtown.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $6,200,000 |
| Property Type | Retail |
| Usable Sqft | 15,022 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 2001 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A0729194MCB0000000004.0 |
| MLS # | TB8345181 |
| Property ID | 321234361 |
| Lot Sqft | 84,366 |
| Zoning | PD |
| Days on Market | 335 |
| Original List Price | $5,950,000 |
| Date Updated | December 17, 2025 |
| Date Created | January 31, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Michael Braccia, PA an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 17, 2025 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT