Price Reduced Listing
$1,250,000
( $287.36Per Sq Foot )
 $6,710 est/mo Sourced by Back At You

507 E Dr Martin Luther King Jr Blvd,TAMPA, FL 33603

TAMPA, FL 33603

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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

Details

MLS #TB8523636
Listing TypeFor Sale
StyleRetail
Sub-TypeFor-sale
StatusActive
Year1964
Days On Site114
Listing Provided ByCOASTAL BROKERAGE & INVESTMENT | James O'Brien

Features

SQ Feet3,810
ZoningCG
Acreage0.36

Taxes

Property17393

Area Information

StateFL
CountyHillsborough
CityTAMPA
Zip Code33603
Area33603 Tampa | Seminole Heights
Listing VS Median (in 33603)
Price:
$1,250,000
low | high
Med:
$427,450
100% of Average
sqft:
3,810
low | high
Med:
1,652
100% of Average
$ / sqft:
$328
low | high
Med:
$263
69.805701903315% of Average
On site:
114
low | high
Med:
103.5
100% of Average
Sourced by Back At You

Market Activity 33603

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 18, 2026 at 9:54:57 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyHillsborough
CityTAMPA
Zip Code33603
Area33603 Tampa | Seminole Heights
Listing VS Median (in 33603)
Price:
$1,250,000
low | high
Med:
$427,450
100% of Average
sqft:
3,810
low | high
Med:
1,652
100% of Average
$ / sqft:
$328
low | high
Med:
$263
69.805701903315% of Average
On site:
114
low | high
Med:
103.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $937K - $1.562M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
4309 N CENTRAL AVE Property Photo 1
$1,275,000
4309 N Central Ave
Tampa, FL 33603
Listing Updated: October 11, 2026 at 11:12:15 AM PDT