2525 Busch Boulevard, Tampa, FL 33612

$1,975,000

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Sold Price
$1,975,000
List Price
$2,299,999
Status
Sold
Days on Market
320
Closing Date
Dec 20, 2023
MLS#
U8163081
Property Style
Retail
Year Built
1983
Lot Size
49,240
Acres
1.13
Total Acreage
1 to less than 2
MLS Area Major
Tampa / Forest Hills

Property Description

The subject property is located on a corridor with an average daily traffic count of over 50,000 and 1.13 acres makes this investment a unique value-add opportunity. Major National Tenants in the immediate vicinity include Walmart, Home Depot, Dollar General, Big Lots, ALDI, CVS Pharmacy, McDonald’s, Burger King, Wawa, Bank of America, Dunkin’ Donuts, Advance Auto Parts, Panera Bread, Sherwin’ Williams, O’Reilly Auto Parts and others. The future land use of this property is Community Mixed Use 35 (CMU-35).? This designation provides for horizontal and vertical mixed-use development and single-use commercial and residential development that includes Retail, service, office, and Residential uses (by either density or floor area ratio), Gathering places such as a plaza, courtyard, or park; Compatible public, quasi-public, and special uses; and Development should include a mix of non- residential and residential uses with more intense development near major intersections. This area is set to transform in the next 5 years due to the billion dollar plus development “Rithm at Uptown” which will be a 100 plus acre urban neighborhood development that will have residents, restaurants, shops and burgeoning technology and science companies. Near to the expansion of the Tourist Site for Yuengling Brewery Company's Campus Expansion in Tampa Florida. Strong Drivers Nearby: Tampa International Airport, Downtown Tampa, strong student basis from the University of South Florida and University of Tampa, University Mall and local attractions like Busch Gardens, and professional sporting venues for the Tampa Bay Buccaneers and the Tampa Bay Lightning. Fully signalized intersection. Investment Highlights 50,500 average daily traffic count 1.13 acres Future Land Use: Community Mixed Use 35 4 blocks from Busch Gardens Fully signalized intersection Strong Market with Growing Demographics Future Land Use Maximum Density 35.0 Units/Net Acre Maximum 2 FAR

Additional Information

Taxes Annual
$14481
Community Features
No Deed Restriction
Air Conditioning
Central Air
Exterior Construction
Block
Foundation
Slab
Pool
No Pool
Flood Zone Code
x
Parcel ID
X-XX-XX-XX-XXX-XXXXXX-XXXXX.X
Legal Description
TEMPLE TERRACES PART OF LOT 45 DESC AS BEG AT SE COR OF TRACT 45 N 00 DEG 00 MIN 28 SEC E 344.96 FT TO A POB THN N 89 DEG 47 MIN 46 SEC W 200 FT THN N 00 DEG 00 MIN 28 SEC E 250 FT TO A PT ON S R/W LINE OF STATE RD 580 THN S 89 DEG 47 MIN 46 SEC E 153 FT THN S 67 DEG 08 MIN 36 SEC E 33.74 FT THN S 28 DEG 32 MIN 11 SEC E 22.83 FT THN S 00 DEG 00 MIN 28 SEC W 46.15 FT THN S 89 DEG 55 MIN 34 SEC E 5.00 FT TO A PT ON W R/W LINE OF 26TH ST THN S 00 DEG 00 MIN 28 SEC W 170.85 FT TO POB

Listing courtesy of JAY ALAN REAL ESTATE. 855-529-2526

Selling Office: JAY ALAN REAL ESTATE.

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