507 E DR MARTIN LUTHER KING JR BLVD, TAMPA, FL, 33603
$1,300,000
Commercial Sale
Living Area
3,810 Sqft
Lot Size
15,920 Sqft
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 Details
Property Features Property Features
MLS ID: MFRTB8523636 Year Built: 1964
Building Features: Bathrooms Construction Materials: Block
Cooling: Central Air Country: US
County Or Parish: Hillsborough Flooring: Ceramic Tile
Foundation Details: Slab Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Commercial Financing Occupant Type: Tenant
Parking Features: Over 30 Spaces, Shared Parking Property Condition: Completed
Property Sub Type: Retail Property Type: Commercial Sale
Road Frontage Type: Interchange Road Surface Type: Asphalt
Roof: Shingle Showing Requirements: Appointment Only, Listing Agent Must Accompany
Special Listing Conditions: None Standard Status: Active
State Or Province: FL
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