105 Dr Martin Luther King Jr blvd - Bar FOR SALE


Tampa, FL 33603- Seminole Heights
$3,499,999 USD
813-477-4517
105 Dr Martin Luther King Jr blvd, Tampa, FL for Sale
$3,499,999 USD
Bar - FOR SALE
1/7
null | Request Cap Rate

Sep '26


105 Dr Martin Luther King Jr blvd
Tampa, FL 33603
Seminole Heights


HIGHLIGHTS

  • 1.25 Acre Signalized Hard Corner Intersection Direct Drive into Downtown Tampa
  • Highly Visible 3 Street Frontage; 3 Curb Cuts on MLK, 1 on Highlands and 3 on Ida St
  • Pylon 6x12 Signage on MLK Corner as well as 4x8 down MLK
  • Parking for 85+ vehicles including large trucks access
  • Church and Childcare for Past 20+ years; previously Restaurants and Night Clubs
  • Owners Will Assist in Development; Owners Will Lease Entire Site $18k NNN

OVERVIEW

Built in 1926 (small portion) and added to over the years; now 8600+ sf on 1.25 acres more or less on a hard signalized corner less than 1 mile directly into downtown Tampa. Property owned by same family for over 25 years. It has been leased to the same tenant for the past 22 years; Bay Crest Children's Academy and Family of Faith church. Owners will Lease ENTIRE site temporarily or long-term NNN Situated in the heart of 3 highly desirable areas; St. Joes Medical & Legal District, S. Seminole Hts and N. Tampa Heights (home to Stetson Law School and Orlando’s 2nd District Court of Appeals!) This retail building was most recently known as Iglesia De Dios and Baycrest Academy (child care licensed for 100+), prior to that 20 years before was Babylon (bar & club) and previously Matrix (same), Mr. C’s and way back, Carmines (now in Ybor). This fantastic hi-visibility USER-FRIENDLY location would be ideal for another medical or law office, yet would more than suffice for food service or user / distributor as well as would facilitate most medical/ professional/ or retail/ office users. A 1.25-acre, hard-corner, signalized infill site sitting at the crossroads of St. Joes Medical District, South Seminole Heights, and North Tampa Heights — one of Tampa’s most active professional corridors. With 290 feet of MLK frontage, three-street access, 100+ parking spaces, and two large pylon signs, this property delivers unmatched visibility and traffic capture just one mile north of downtown and four blocks from I-275/I-4. Historically home to childcare (licensed 100+), retail, restaurant, nightlife, church, and office uses, the site has proven itself highly adaptable across multiple commercial categories. The zoning mix — SH-CG (rear) and SH-CI (front) — supports retail, office, medical, legal, mixed-use, and redevelopment with generous FAR allowances. Daily traffic flows from Dale Mabry and St. Joseph’s Hospital directly past the site toward downtown and the interstate network, while Highland funnels southbound vehicles straight into the Stetson Law School and 2nd District Court of Appeals. This is a true arterial gateway location with nonstop professional demand. The existing 8,683 SF concrete block structure is functional and dry but not valued in the sale, making this a prime opportunity for ground-up redevelopment, medical/professional repositioning, or high-visibility retail activation. The oversized parking field accommodates cars, box trucks, and semi-tractor trailers, giving operators and developers rare flexibility inside the urban core. This is one of Tampa’s strongest infill redevelopment parcels — a high-traffic, high-visibility, multi-access corner with zoning, size, and frontage that rarely come available.

FOR SALE DETAILS

PRICE

$3,499,999 USD

PRICE/SF

$415 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant, Supermarket, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,589 SF

ZONING

SH-CG/ SH-CI

APN/PARCEL ID

A-01-29-18-4GL-000000-00477.0

ASK ABOUT THIS PROPERTY

Rick NollOwner ManagerMore Info
813-477-4517

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Rick NollOwner ManagerMore Info
813-477-4517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.