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507 E DR MARTIN LUTHER KING JR BOULEVARD

Commercial For Sale
$1,300,000

BTC: 20.23346304

ETH: 683.26115292

36 days
0 room(s)
3,810 sqft

Overview

Prime Tampa Investment Opportunity — Dual-Building Medical & Retail Portfolio 507 E Dr. Martin Luther King Jr. Blvd. | Tampa, FL 33603 Asking Price: $1,300,000 | Cap Rate: 7.1 | Total SF: 3,810 SF | Two Buildings | Both Fully Leased Rarely does a stabilized, income-producing asset become available in a location this commanding. Positioned at the high-visibility intersection of I-275 and Dr. Martin Luther King Jr. Boulevard — one of Tampa's most heavily trafficked corridors — this dual-building portfolio offers investors an immediate, turn-key opportunity. This offering includes two freestanding buildings situated on a shared, generously sized parking lot. Building 1 — Medical Clinic | ±2,100 SF Completely remodeled within the past year, this medical-grade facility features a new roof and fully updated interior, offering a modern, upscale environment. Currently leased to a professional medical tenant, this building represents a low-maintenance, high-quality asset for any investment portfolio. Building 2 — Retail | ±1,710 SF An established retail presence with a professional tenant in place, benefiting from exceptional street visibility and the high foot and vehicle traffic this location commands. Location is everything — and this property delivers. Situated at the nexus of I-275 and MLK Blvd., the site enjoys outstanding regional accessibility and exposure to thousands of daily commuters. The presence of a McDonald's immediately adjacent confirms the strength of this trade area and the built-in consumer demand that surrounds it. This is Central Tampa at its most accessible. Immediate cash flow — no lease-up risk

Location

Details

Type:
Commercial Sale
Parking:
Over 30 Spaces / Shared Parking
Year Built:
1964
Lot:
0.36 Acres
Heating:
No Data
Price/sqft:
$341
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$17,393
2025
All facts and features
  • Flooring

    • Ceramic Tile

    Cooling

    • Central Air

  • Parking

    • Over 30 Spaces

    • Shared Parking

    Lot

    • Lot: 0.36 Acres

    Other Property Information

    • Parcel Number: A1229184HF00000200001.0

    • Zoning: CG

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $17,393

  • Source details

    • MLS ID: TB8523636

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Living Area: 3810

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COASTAL BROKERAGE & INVESTMENT