507 E DR MARTIN LUTHER KING JR BOULEVARD Tampa, FL $ 1,300,000
507 E DR MARTIN LUTHER KING JR BOULEVARD
$ 1,300,000
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507 E DR MARTIN LUTHER KING JR BOULEVARD

Tampa, FL, 33603
$ 1,300,000
Bedrooms-- Baths-- Sq 3,810

Monthly Estimate*

$ 8,208

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Commercial Property for sale in Tampa, FL

for $1,300,000. This 3,810 square foot building was built in 1964 on a lot size of 0.36.

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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Commercial Active

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 17,393

Style

Retail

Lot Size

0.36

Year Built

1964

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

TB8523636

Features
General
Cooling Central Air
Roof Shingle
Zoning CG
Construction Materials Block
Year Built 1964
Property Subtype Retail
Tax Year 2025
Ownership Fee Simple
County Hillsborough
New Construction false
Property Type Commercial Sale
Building Features Bathrooms
Status Active
Directions Next door to McDonalds. Off I275 and MLK property has 2 buildings with shared parking.
City TAMPA
MLS Area 33603 - Tampa / Seminole Heights
Lot Size Units Square Feet
Lot Size Square Feet 15920
Listing Terms Cash
Tax Annual Amount 17393
Property Condition Completed
Additional Parcels Y/N false
Virtual Tour https://media.totalityproductions.com/videos/019f01fb-33c7-7246-be1b-827f3b17fc33?v=268 https://media.totalityproductions.com/videos/019f01fb-33c7-7246-be1b-827f3b17fc33?v=268
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 0
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
Water Access Y/N false
Water View Y/N false
Flood Zone Code x
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N true
Total Baths 0
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Exterior
Parking Features Over 30 Spaces Shared Parking
Lot Size Area 15920
Foundation Details Slab
Number of Buildings 2
Building Area Total 4350
Lot Size Acres 0.36
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type Interchange
Number of Lots 1
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* Excluded Features
List By
jwobrienjr@yahoo.com

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Affordability Calculator

$9,658
Per Month
85%
15%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
$1,449
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$1,300,000 Listed Price

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507 E DR MARTIN LUTHER KING JR BOULEVARD, Tampa, FL, 33603 is a Commercial Property for sale at $1,300,000 with 3,810 sqft and a lot size of 0.36. 507 E DR MARTIN LUTHER KING JR BOULEVARD was built in 1964. The property's zip code is 33603 which is in Tampa, FL