$1,250,000
Active507 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 listingβs 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
- Listed for $1,300,000
- Price reduced to $1,250,000
Take a tour
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507 E Dr Martin Luther King Jr Blvd, Tampa, FL 33603
Listing courtesy of COASTAL BROKERAGE & INVESTMENT Β· MLS# TB8523636 Β· Active
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.



