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$1,250,000

0 Beds 0 Baths 3,810 SQFT 0.36 Acres
Type: Commercial

507 E DR MARTIN LUTHER KING JR BOULEVARD
TAMPA, FL 33603

MLS#: TB8523636
John Love
John Love
The Real Estate Advantage
Agent
Phone: 952.292.7135
Office: 952.226.7700
Presented by: COASTAL BROKERAGE & INVESTMENT with 813-404-0665. - 813-404-0665

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


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
FlooringCeramic Tile

General

Additional Parcels Y/NNo
Building Area Units0 sqft
Building FeaturesBathrooms
CityTAMPA
Construction MaterialsBlock
CoolingCentral Air
CountyHillsborough
DirectionsNext door to McDonalds. Off I275 and MLK property has 2 buildings with shared parking.
Flood Zone Codex
Flood Zone Code XY
Legal DescriptionBELLMERE 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 TermsCash
Living Area Units0 sqft
Lot Size Square Feet15,920 sqft
Lot Size UnitsSquare Feet
MLS Area33603 - Tampa / Seminole Heights
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Property ConditionCompleted
Property SubtypeRetail
Property TypeCommercial Sale
RoofShingle
Standard StatusActive
StatusActive
Tax Annual Amount$17,393
Tax Lot0
Tax Year2025
Virtual TourClick here
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1964
ZoningCG

Exterior

Building Area Total4,350 sqft
Foundation DetailsSlab
Lot Size Acres0.36
Lot Size Area15,920 sqft
Number of Buildings2
Number of Lots1
Parking FeaturesOver 30 Spaces, Shared Parking
Road Frontage TypeInterchange
Road Surface TypeAsphalt
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$1,250,000

0 Beds 0 Baths 3,810 SQFT 0.36 Acres
Type: Commercial

507 E DR MARTIN LUTHER KING JR BOULEVARD
TAMPA, FL 33603

MLS#: TB8523636
John Love
John Love
The Real Estate Advantage
Agent
Phone: 952.292.7135
Office: 952.226.7700