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505 N Falkenburg Rd, Tampa, FL, 33619

VACANT INDUSTRIAL FOR SALE
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Key Information

Tot. SF
9,989
Year Built
1985/ R 1995
Type
Industrial
NOI
$140,000

Highlights

INVESTMENT HIGHLIGHTS

  • Stable Investment – Ownership will execute a 3–5 year Master Leaseback at $14.00/SF, providing immediate, reliable cash flow. With rents at a highly replaceable level and strong tenant demand, the property offers both income stability and compelling upside in one of the region’s most sought-after submarkets.
  • Low Building Coverage – With a FAR of just 16.74%, this property stands out as one of the few low-coverage industrial opportunities currently available in this zip code.
  • Favorable Site Layout – With the warehouse positioned along the parcel’s north border, this site maximizes outdoor storage potential. Direct access is enhanced by a dedicated southbound turning lane and no midsection, ensuring smooth entry from both directions on N Falkenburg Rd.
  • High-Growth Industrial Submarket – According to CoStar, the Tampa industrial market experienced 4.9% year-over-year rent growth in Q1 2025, following a peak of 14.3% in Q2 2022. The East-Side submarket continues to face a shortage of industrial outdoor storage sites.
  • Strategic Location – Positioned adjacent to I-75, N Falkenburg Rd (±19,000 AADT) serves as a vital transportation artery within the East-Side Submarket. This thoroughfare seamlessly connects E Adamo Dr (±33,000 AADT) and E Dr. Martin Luther King Jr Blvd (±22,000 AADT), ensuring excellent accessibility and connectivity throughout the area.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203