Property
ActiveCommercial
1/19
$1,300,000

507 E DR MARTIN LUTHER KING JR BOULEVARD

Tampa, FL 33603
0
Beds
0
Baths
3,810
SqFt
0.36
Acres
STELLAR
#TB8523636
Updated: Jun 27, 2026, 5:23am

Property Description

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
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Property Details

Interior
Building Area Total
4350
Cooling
Central Air
Flooring
Ceramic Tile
Living Area
3810
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Slab
Living Area Source
Owner
Living Area Units
Square Feet
Property Condition
Completed
Roof
Shingle
Year Built
1964
Site & Exterior
Flood Zone Code
x
I D X Participation
Yes
Lot Size Acres
0.36
Lot Size Area
15920
Lot Size Square Feet
15920
Lot Size Units
Square Feet
Number Of Lots
Yes
Parking Features
Over 30 SpacesShared Parking
Parking Total
25
Public Survey Range
18
Public Survey Section
12
Road Frontage Type
Interchange
Road Surface Type
Asphalt
Total Acreage
1/4 to less than 1/2
Zoning
CG
Financials
Calculated List Price By Calculated Sq Ft
298.85
Contract Status Change Date
2026-06-26
Current Price
1300000
Feed Types
BBO
Ownership
Fee Simple
Parcel Number
A1229184HF00000200001.0
Public Survey Township
29
Tax Annual Amount
17393
Tax Block
00/00
Tax Book Number
25/43
Tax Legal Description
BELLMERE CORRECTED MAP OF THE REVISED MAP LOT 1 LESS RD R/W LOT 2 LESS W 3 FT & LESS RD R/W N 52.5 FT OF LOTS 9 AND 10 LESS RD R/W...ALSO VAC ALLEY LYING BETWEEN SD LOTS BLOCK 2 1975 PETITION DENIED
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33603 - Tampa / Seminole Heights
Listing provided courtesy of STELLAR via IDX. Updated: Jun 27, 2026, 5:23am.
James O'Brien

Listing Agent

COASTAL BROKERAGE & INVESTMENT

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