507 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603
- $1,300,000
- 3,810
- SqFt
- List Price
- $1,300,000
- Status
- Active
- Days on Market
- 32
- MLS#
- TB8523636
- Property Style
- Retail
- Year Built
- 1964
- Living Area
- 3,810
- Lot Size
- 15,920
- Acres
- 0.36
- Total Acreage
- 1/4 to less than 1/2
- MLS Area Major
- Tampa / Seminole Heights
Property Description
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
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Additional Information
- Taxes Annual
- $17393
- Community Features
- No Deed Restriction
- Zoning
- CG
- Floor
- Ceramic Tile
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Over 30 Spaces, Shared Parking
- Flood Zone Code
- x
- Parcel ID
- A-12-29-18-4HF-000002-00001.0
- Legal Description
- BELLMERE CORRECTED MAP OF THE REVISED MAP LOT 1 LESS RD R/W LOT 2 LESS W 3 FT & LESS RD R/W N 52.5 FT OF LOTS 9 AND 10 LESS RD R/W...ALSO VAC ALLEY LYING BETWEEN SD LOTS BLOCK 2 1975 PETITION DENIED
Listing courtesy of COASTAL BROKERAGE & INVESTMENT. 813-404-0665
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