507 E Dr Martin Luther King Jr Blvd - Medical FOR SALE


Tampa, FL 33603- Tampa Heights
$1,300,000 USD
813-404-0665
507 E Dr Martin Luther King Jr Blvd, Tampa, FL for Sale
$1,300,000 USD
Medical - FOR SALE
1/21
null | 7.1% Cap Rate

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


HIGHLIGHTS

  • 2 Buildings both fully leased with 7.1% cap rate
  • Prime Investment Location
  • Next door to McDonalds

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$703 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CG

APN/PARCEL ID

A-12-29-18-4HF-000002-00001.0

ASK ABOUT THIS PROPERTY

Jim O'BrienCoastal Brokerage & Investments, LLCMore Info
813-404-0665

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Jim O'BrienCoastal Brokerage & Investments, LLCMore Info
813-404-0665

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