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507 E Dr Martin Luther King Jr Blvd
For Sale $1,300,000 ($341.21 per Sq Ft)
$1,300,000 ($341.21 per Sq Ft)
- Units
- 3,810 Sq Ft
- 15,920 Sq Ft
- Unknown Cap Rate
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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,300,000 |
| Property Type | Retail |
| Usable Sqft | 3,810 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A1229184HF00000200001.0 |
| MLS # | TB8523636 |
| Property ID | 322964154 |
| Lot Sqft | 15,920 |
| Zoning | CG |
| Days on Market | 16 |
| Original List Price | $1,300,000 |
| Date Updated | June 26, 2026 |
| Date Created | June 26, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
James O'Brien an agent of . Lic #3072231
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of June 26, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT