2111 Busch BlvdTampa, FL 33612

Property Details for 2111 Busch Blvd

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.42 AC

Property size (Sq ft)

13,296 SF

Zone code

CG

Property type

Retail properties

Property subtype

Drug stores

APN

A192819457K00000000010

APU

A192819457K00000000010

Description

This exceptional 13,096-square-foot retail property, located at 2111 E Busch Blvd in Tampa, Florida (33612), presents a compelling redevelopment opportunity. Situated on a 61,856-square-foot lot in Hillsborough County, this single-story, 1993-built building boasts a prime location at a signalized intersection on one of Tampa's busiest roads, ensuring high visibility and accessibility. Previously a Walgreens, the property is currently vacant and offers significant potential for various commercial uses, including grocery stores, quick-service restaurants, and storefronts, as reflected in its CG zoning. The asking price is $3,399,000, translating to $255.64 per square foot. The property is classified as Class C and is offered as a fee-simple ownership with an owner/user investment subtype. The building's 13,296 total square feet includes 13,096 net rentable square feet. While renderings have been created illustrating a potential car wash use, the property's versatility allows for a wide range of adaptive reuse scenarios. This is a unique chance to acquire a substantial retail space in a high-traffic area of Tampa, offering significant return potential for the right investor or business.

• CAP approach

  CAP return

  Valuation

  6%

  $3,961,764

  6.5%

  $3,657,013

  7%

  $3,395,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,119,186

  Geo Method

  $6,119,186

• Alternative Use

  Use

  Valuation

  Residential

  $3,084,827

  Hospitality

  $2,825,685

  Educational

  $2,350,937

  Medical

  $2,431,789

  Retail

  $3,657,013

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0321

Longitude

-82.4353

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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