Rialto Theatre 1617 N Franklin St
10,235 SF Retail Building Tampa, FL 33602 For Sale
INVESTMENT HIGHLIGHTS
- Incredible, one-of-a-kind historic property located along 'Yellow Brick Row' in Tampa Heights.
- Residential loft space above historic commercial property, that could be converted to commercial loft.
- The property will have 6 street parking passes - 4 street parking passes per business and 2 parking passes for residents.
- Close to area attractions such as Armature Works, Water Works park, the Riverwalk, Gasworx, Downtown Tampa and the new YMCA project.
- Completely restored, and currently used as an event space -holding up to 575 people on the ground floor.
- Lots of nearby surface and garage parking walking distance to property.
EXECUTIVE SUMMARY
The historic Rialto Theatre in Tampa presents a rare opportunity for an owner-user or investor to acquire a landmark property in one of the city’s most dynamic districts. Nestled in the booming Tampa Heights district, this architecturally stunning venue boasts a rich history, dramatic interiors, and flexible event space, making it ideal for a range of uses—from live performances and private events to a creative office, retail, or hospitality concept. With continued growth in the surrounding area, including new residential and commercial developments, the Rialto offers strong long-term value and potential upside. Whether you’re looking to establish a one-of-a-kind business or secure a prime piece of Tampa real estate, this is an opportunity not to be missed.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,235 SF
Building Class
C
Year Built/Renovated
1924/2020
Tenancy
Single
Number of Floors
2
Building FAR
1.31
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CI - CI zoning in Tampa allows high-intensity commercial uses like retail, restaurants, and large-scale businesses.
Frontage
85 ft on Franklin St.
AMENITIES
- 24 Hour Access
- Mezzanine
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | A-13-29-18-4YF-000001-00003.0 | Improvements Assessment | £627,075 |
| Land Assessment | £84,613 | Total Assessment | £711,688 |
