$1.30M
507 Dr Martin Luther King Jr Boulevard
Tampa, FL 33603
Listing updated: June 27, 2026 at 1:01 AM ET
Property type
Year built
Building size
Lot size
Price / SF
Zoning
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.
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