About 1221 E Dr Martin Luther King Jr Boulevard
Income-Producing Investment Opportunity – E. Martin Luther King Jr. Blvd, Tampa Situated on an approximately 6,750 SF lot, this income-producing commercial property offers much more than its building footprint. The oversized, fully fenced site combines a renovated office, ample parking, a large usable rear yard, outdoor storage and a dedicated storage shed—creating multiple ways for a tenant or owner-user to utilize the entire property and supporting strong rental potential of approximately $4,500/month ($54,000 annually). nvestment angle: A compact commercial asset with multiple usable components and the ability to generate approximately $54,000 in gross annual rental income—ideal for an investor looking for cash flow or an owner-user who wants to offset occupancy costs with a strategically located Tampa property. The property features a fully renovated office building with private offices, updated restroom, coffee bar, three mini-split HVAC systems, tankless water heater, new windows, upgraded lighting and modern flooring. The large fenced rear yard provides valuable additional utility, including outdoor storage plus one storage shed, creating flexibility for contractors, service businesses, trades, equipment storage or other commercial users. With potential rent of approximately $4,500 / month ($54,000 annually), the property offers compelling income potential relative to its size. The combination of office + secured outdoor storage + dedicated shed + parking allows an investor to market more than simply office space and potentially command a premium from users who need both workspace and storage. Additional highlights include high-visibility MLK frontage, approximately 4–5 front parking spaces, a large fenced rear area with potential for additional parking, Opportunity Zone location.
Features of 1221 E Dr Martin Luther King Jr Boulevard
| MLS® # | TB8535299 |
|---|---|
| Price | $399,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 756 |
| Acres | 0.16 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | SELLSTATE COASTAL REALTY |
|---|
Listing Map
Neighborhood Information for 1221 E Dr Martin Luther King Jr Boulevard
Moderate Residential Turnover
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Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Lee Elementary Magnet School Public - Kindergarten to 5Th Grade - Closest Elementry School |
0 Miles | |
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Lockhart Elementary Magnet School Public - Preschool to 5Th Grade |
0 Miles | |
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Young Middle Magnet School Public - 6Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
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Edison Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
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Orange Grove Middle Magnet School Public - 6Th Grade to 8Th Grade |
1 Miles | |
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Linabean Academy Inc. Private - Kindergarten to 12Th Grade |
1 Miles | |
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Delia Sanchez Full Service School Public - to |
1 Miles |
School data provided by GreatSchools