2111 Busch Blvd Tampa, FL 33612-8669
- Drug stores
- 13,296 SF
- 1.42 lot acres
Aug 25, 2023
Current Use by Public Records
- COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
- FedEx OnSite / Mailing Service
- TD Bank ATM / Atm
- Walgreens Photo / Passport Photo Processor / Photo Lab
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 2111 Busch Blvd
- Year built
- 1993
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.42 lot acres
- Property size
- 13,296 SF
- Zone code
- CG
- Property type
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,045,000
- ML approach
- $1,955,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,640,000
- 6.5%
- $2,435,000
- 7%
- $2,260,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,711,000
Market price range: $1.57M - $4.41M
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Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4353
- Latitude
- 28.0321
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA