USAFLTampaBellmere Corr Map of the507 E Dr Martin Luther King Jr Blvd
Listing image | Image 1

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

House

For Sale

Listed price in listed location currency (USD).
$1,300,000

000

MLS® TB8523636

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 3810 sqft
Garage 
Taxes $17,393
Days Active 0
Lot Size 0.36 Acres
Approx. Age 1964
Avg. Price Per Sqft $341
MLS® Number TB8523636

Property Address: 507 E Dr Martin Luther King Jr Blvd, TAMPA, FL, 33603-3932

Average square foot calculated using Size range provided by listing agent.

Description

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
MLS® NumberTB8523636
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
Basement
DrivewayOver 30 Spaces, Shared Parking
Garage Spaces
Heat
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 26, 2026List Date
$1,300,000List Price
Jan 31, 2025End Date
$30,780Sold Price

Leased

Jan 2, 2025List Date
$30,780List Price
  • Commute

Commute

Starting Address
Destination Address
507 E Dr Martin Luther King Jr Blvd, Tampa, FL

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