3601 East Busch Boulevard — Sale in Tampa, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Tampa, FL 33612
  • Year built: 1978

Photos

3601 East Busch Boulevard — Sale in Tampa, FL, photo 1 of 2
3601 East Busch Boulevard — Sale in Tampa, FL, photo 2 of 2

Investment Figures

Cap rate
5.11%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 3601 East Busch Boulevard, a freestanding commercial property strategically positioned directly across from Busch Gardens Tampa Bay in Tampa, Florida. The property consists of an approximately 5,242-square-foot, two-story building situated on 0.20 acres with prominent frontage and visibility along East Busch Boulevard, which carries approximately 48,500 vehicles per day. The property is currently 100 percent occupied by Sober Lyfe Treatment, which leases both floors and generates $102,000 in combined annual base rent. The modified-gross lease produces approximately $81,546 in annual net operating income, with the tenant responsible for its proportionate share of increases in real estate taxes and insurance above the applicable base year. The lease is scheduled to expire on February 22, 2027, with no renewal options. Either party may terminate the lease after the initial six-month period by providing 90 days’ notice, allowing the property to generate interim income while preserving a potential near-term path to owner occupancy, re-leasing, or repositioning. The approximately 5,242-square-foot building contains approximately 2,500 square feet per floor and features common areas, private rooms, a kitchen, a second-floor balcony, and a flexible interior configuration. The building may accommodate future whole-building or floor-by-floor occupancy for a variety of commercial uses, subject to zoning, access, building-code, and governmental approvals. Positioned within one of Northeast Tampa’s most active commercial and institutional corridors, the property benefits from direct exposure to Busch Gardens Tampa Bay and proximity to Adventure Island, the University of South Florida, James A. Haley Veterans’ Hospital, AdventHealth Tampa, and Moffitt Cancer Center. Approximately 310,700 residents and more than 371,500 daytime occupants are located within five miles, providing a substantial surroundin

Market Context

This office in Tampa, FL is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1978. Compare it against other office listings for sale in Tampa, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, and average asking rents near $30.61/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Tampa office market tightening or softening?
Vacancy is around 18.2% (Q1 2026).

Estimated Price per SF

$105.16/SF – $764.83/SF

Mid: $318.68/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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