507 E DR MARTIN LUTHER KING JR BOULEVARD, Tampa, Florida, United States, 33603
1,250,000
for Sale
15,920
About the property:
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
- Property Type:
- Retail
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.36
- Square Feet:
- 3810
- Area:
- 33603 - Tampa / Seminole Heights
- Heating Type:
- 0
- Directions:
- Next door to McDonalds. Off I275 and MLK property has 2 buildings with shared parking.
- Is Art:
- Yes
- Is Building:
- Yes
- Is Investment:
- Yes
- Is Media:
- Yes
- Is Medical:
- Yes
- Is Other:
- Yes
- Is Parking:
- Yes
- Is Retail:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 17,393
- Listing ID:
- TB8523636
Rooms
Dimensions
Brokered by:
Coastal Brokerage & Investment
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