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$1,250,000

Active

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

3,810 sq ft

Listing courtesy of COASTAL BROKERAGE & INVESTMENT Β· MLS# TB8523636

124 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Prime Tampa Investment Opportunity β€” 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 β€” one of Tampa's most heavily trafficked corridors β€” 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 β€” Medical Clinic | Β±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 β€” Retail | Β±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 β€” 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 β€” no lease-up risk

Facts

Property type
Retail
Year built
1964
Flood zone
X
Annual taxes
$17,393/yr
Listed
Jun 26, 2026
MLS #
TB8523636

Commercial details

Building & site

Building size
4,350 SF
Lot size
0.36 acres (15,920 SF)
Zoning
CG
Parking spaces
25
Road frontage
Interchange
Buildings
2
Occupancy
Tenant-occupied
Building features
Bathrooms

Investor metrics

Price per SF (MLS)
$287.36/SF

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $1,300,000
  2. Price reduced to $1,250,000

Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

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

Listing courtesy of COASTAL BROKERAGE & INVESTMENT Β· MLS# TB8523636 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 8:57 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]