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$1,300,000 - 507 E Dr Martin Luther King Jr Boulevard, TAMPA

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Bedrooms
-
Baths
3,810
SQ. Feet
0.36
Acres

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

Essential Information

  • MLS® #:
    TB8523636
  • Price:
    $1,300,000
  • Square Footage:
    3,810
  • Acres:
    0.36
  • Year Built:
    1964
  • Type:
    Commercial Sale
  • Sub-Type:
    Retail
  • Status:
    Active

Community Information

  • Address:
    507 E Dr Martin Luther King Jr Boulevard
  • Area:
    Tampa / Seminole Heights
  • City:
    TAMPA
  • County:
    Hillsborough
  • State:
    FL
  • Zip Code:
    33603

Amenities

  • Parking:
    Over 30 Spaces, Shared Parking

Interior

  • Cooling:
    Central Air

Exterior

  • Roof:
    Shingle
  • Foundation:
    Slab

Additional Information

  • Days on Market:
    48
  • Zoning:
    CG

Listing Details

  • Listing Office:
    Coastal Brokerage & Investment

Listing information courtesy of Coastal Brokerage & Investment.

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Listing data comes from My Florida Regional MLS.

Listing information last updated on August 13th, 2026 at 11:23am EDT.