About 507 E Dr Martin Luther King Jr Boulevard
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
Features of 507 E Dr Martin Luther King Jr Boulevard
| MLS® # | TB8523636 |
|---|---|
| Price | $1,300,000 |
| Square Footage | 3,810 |
| Acres | 0.36 |
| Year Built | 1964 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Listing Details
| Office | COASTAL BROKERAGE & INVESTMENT |
|---|
Listing Map
Neighborhood Information for 507 E Dr Martin Luther King Jr Boulevard
Moderate Residential Turnover
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Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
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Seminole Heights Charter High School Public - 9Th Grade to 12Th Grade |
0 Miles | |
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Memorial Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
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Walton Academy Public - Kindergarten to 5Th Grade |
1 Miles | |
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Hillsborough High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
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Broward Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
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Lee Elementary Magnet School Public - Kindergarten to 5Th Grade |
1 Miles | |
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Lockhart Elementary Magnet School Public - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools