507 E Dr Martin Luther King Jr Boulevard, TAMPA, FL

$1,300,000

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3,810

Square feet

0.36

Acres

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

OfficeCOASTAL BROKERAGE & INVESTMENT

Listing Map

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