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 |
Community Information
| Address | 507 E Dr Martin Luther King Jr Boulevard |
|---|---|
| Area | Tampa / Seminole Heights |
| City | TAMPA |
| County | Hillsborough |
| State | FL |
| Zip Code | 33603 |
Amenities
| Parking | Over 30 Spaces, Shared Parking |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Foundation | Slab |
Additional Information
| Date Listed | June 26th, 2026 |
|---|---|
| Days on Market | 72 |
| Zoning | CG |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | COASTAL BROKERAGE & INVESTMENT |
|---|
