Price Reduced ListingPrime 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
| MLS # | TB8523636 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1964 |
| Days On Site | 114 |
| Listing Provided By | COASTAL BROKERAGE & INVESTMENT | James O'Brien |
| SQ Feet | 3,810 |
|---|---|
| Zoning | CG |
| Acreage | 0.36 |
| Property | 17393 |
|---|
| State | FL |
|---|---|
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33603 |
| Area | 33603 Tampa | Seminole Heights |
| Listing VS Median (in 33603) | |
Price: $1,250,000 low | high Med: $427,450 sqft: 3,810 low | high Med: 1,652 $ / sqft: $328 low | high Med: $263 On site: 114 low | high Med: 103.5 | |
| State | FL |
|---|---|
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33603 |
| Area | 33603 Tampa | Seminole Heights |
| Listing VS Median (in 33603) | |
Price: $1,250,000 low | high Med: $427,450 sqft: 3,810 low | high Med: 1,652 $ / sqft: $328 low | high Med: $263 On site: 114 low | high Med: 103.5 | |
![]() | $1,275,0004309 N Central AveTampa, FL 33603 |