For Sale
$3,400,000

1010 Busch BlvdTampa, FL 33612

High-yield Tampa retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • Diverse tenant mix including medical, religious, retail, and warehouse uses.
  • Prime I-275 location near USF and Busch Gardens, offering high visibility and traffic.
  • Abundant parking, multiple access points, and roll-up warehouse doors.
  • Strong, established tenant base with deep community roots.
  • High foot traffic due to proximity to major attractions and institutions.
  • Stable income stream from established tenants, ideal for long-term investors.

Property Details for 1010 Busch Blvd

Property type
Lifestyle centers, Power centers
Square Feet
20,412 SF
Year Built/Renovated
1985/2020
Buildings
1
Stories
1
Units
8

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.032891966314
Longitude
-82.44898997372
1010 Busch Blvd, Tampa, Florida

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1010 Busch Blvd
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