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
Presented By:

Sunny Sidhu

Broker Associate

RE/MAX Premier Group