Niles Harrison Pfeiffer

Niles Harrison Pfeiffer Central Florida REALTOR®

$1,300,000.00
507 E DR MARTIN LUTHER KING JR BOULEVARD, TAMPA, FL - 33603
3,810 sqft
$1,300,000.00
507 E DR MARTIN LUTHER KING JR BOULEVARD, TAMPA, FL - 33603
Niles Harrison Pfeiffer
$1,300,000.00
3,810 sqft
507 E DR MARTIN LUTHER KING JR BOULEVARD, TAMPA, FL - 33603
For Sale
Photo 1
  • Built in 1964
  • $341.21/sqft
  • Lot size: 15,920 sqft
  • 60 days on market

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

  • Directions: Next door to McDonalds. Off I275 and MLK property has 2 buildings with shared parking.
  • County: Hillsborough
  • Geo subdivision:

Features

Financial

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Niles Harrison Pfeiffer

Niles Harrison Pfeiffer

Central Florida REALTOR®

See also

For Sale
9002 N 40TH ST, TAMPA, FL - 33604
$1,350,000.00
9002 N 40TH ST, TAMPA, FL - 33604
Stellar MLS
  • Source: Stellar MLS
  • MLS #: TB8523636
Listing updated: June 27, 2026 at 5:00AM
Listing provided by: James O'Brien, COASTAL BROKERAGE & INVESTMENT
Last checked 1 month ago
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