507 E Dr Martin Luther King Jr Blvd is a 1964-built home Tampa. Listed at $1,300,000 (about $341/sqft), 0 days on market. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.
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
Annual Tax (2025)
$17,393
Parcel #
A-12-29-18-4HF-000002-00001.0
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
County
Hillsborough
MLS Area
33603 - Tampa / Seminole Heights
Lot Size
15,920 sqft
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