507 E DR MARTIN LUTHER KING JR BLVD Tampa, FL 33603
3,810 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,810 sqft
Price per Sqft $341
MLS Listing ID TB8523636
Construction Status Completed
HOA Y/N No
Year Built 1964
Annual Tax Amount $17,393
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Retail
Source Stellar MLS
Property Description
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
State FL
County Hillsborough
Area 33603 - Tampa / Seminole Heights
Zoning CG
Interior
Cooling Central Air
Flooring Ceramic Tile
Exterior
Parking Features Over 30 Spaces, Shared Parking
Water Access No
Roof Type Shingle
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
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