1010 Busch Blvd Tampa, FL 33612

This Tampa, Florida shopping center, located at 1010 E Busch Blvd, offers a compelling value-add investment opportunity. The 20,412 square foot property sits on a 1.35-acre lot (59,396 sq ft) and boasts a diverse tenant mix including a medical office, church, pharmacy, warehouse with distribution operations, and a baseball camp. Built in 1985 and renovated in 2020, this single-story building features eight units, each with roll-up doors and ample parking. The property enjoys a prime location off Interstate 275, near the University of South Florida and Busch Gardens, ensuring high visibility and consistent foot traffic. Currently operating at 100% occupancy, with a projected occupancy date of November 1, 2024, the property generates a strong net operating income (NOI) of $237,697, resulting in a 6.99% cap rate. The asking price is $3,400,000. The property is zoned CI and features a mix of retail and warehouse spaces catering to various business needs. This community-focused center presents a stable investment with significant potential for future growth and value enhancement. The property's long-term tenants and strategic location in Tampa's growing market make it an attractive option for investors seeking reliable returns. The Hillsborough County APN is A-19-28-19-45D-000003-00006.1.