$1,300,000 - 507 E Dr Martin Luther King Jr Boulevard, TAMPA
- -
- 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
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- MLS® #:
- TB8523636
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- Price:
- $1,300,000
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- Square Footage:
- 3,810
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- Acres:
- 0.36
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- Year Built:
- 1964
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- Type:
- Commercial Sale
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- Sub-Type:
- Retail
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- Status:
- Active
Community Information
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- Address:
- 507 E Dr Martin Luther King Jr Boulevard
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- Area:
- Tampa / Seminole Heights
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- City:
- TAMPA
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- County:
- Hillsborough
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- State:
- FL
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- Zip Code:
- 33603
Amenities
-
- Parking:
- Over 30 Spaces, Shared Parking
Interior
-
- Cooling:
- Central Air
Exterior
-
- Roof:
- Shingle
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- Foundation:
- Slab
Additional Information
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- Days on Market:
- 48
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- Zoning:
- CG
Listing Details
- Listing Office:
- Coastal Brokerage & Investment