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507 Dr Martin Luther King Jr Boulevard, FL
Stellar MLS

$1.30M

507 Dr Martin Luther King Jr Boulevard

Tampa, FL 33603

Listing updated: June 27, 2026 at 1:01 AM ET

Active
Stellar MLSListing courtesy of Coastal Brokerage & Investment · James O'Brien · MLS #TB8523636 · Active · 813-404-0665
4,350
Building SF
0.36
Acres
1964
Built
$298.85
Per SF
Retail$298.85/SF
Retail

Property type

1964

Year built

4,350 SF

Building size

15,920 sqft

Lot size

$298.85

Price / SF

CG

Zoning

0

Days on market

Lease terms

Occupancy
Tenant

About this property

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

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Retail
Status
Active
Days on market
0
County
Hillsborough
Year built
1964
Building area
4,350 sq ft
Price/sq ft
$298.85
Lot size
15,920 sq ft
Buildings
2
Parking spaces
25
Road frontage
Interchange
Building features
Bathrooms
Annual taxes
$17K (2025)
Parcel #
A-12-29-18-4HF-000002-00001.0
Zoning
CG
MLS #
TB8523636

Listing details

Listing date
2026-06-26
On market date
2026-06-26
MLS area
33603 - Tampa / Seminole Heights
Status changed
2026-06-26
Tax 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

Location

Directions

Next door to McDonalds. Off I275 and MLK property has 2 buildings with shared parking.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively 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.

Based on information submitted to the MLS GRID as of June 27, 2026 at 1:01 AM ET. 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.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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