1010 Busch Blvd Tampa, FL 33612-8502

Property Details for 1010 Busch Blvd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.36 lot acres

Property size

9,550 SF

Zone code

CI

Property type

Strip malls

Property subtype

Neighborhood centers

APN

A19281945D000003000061

APU

A19281945D000003000061

Description

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.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Longitude

-82.4486

Latitude

28.0333

CBSA code

45300

CBSA name

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

Property Tax & Assessments