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507 E Dr Martin Luther King Jr Blvd 1,848 SF 100% Leased Office Building Tampa, FL 33603 $1,845,870 CAD ($998.85 CAD/SF) 7.10% Cap Rate



Investment Highlights
- 2 Buildings both fully leased with 7.1% cap rate
- Next door to McDonalds
- Prime Investment Location
Executive Summary
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
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,848 SF
Building Class
C
Year Built
1964
Price
$1,845,870 CAD
Price Per SF
$998.85 CAD
Cap Rate
7.10%
NOI
$131,057 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,848 SF
Building FAR
0.14
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
CG - CG Zoning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Blossom Pediatric Care
- Health Care and Social Assistance
- -
- -
- -
- Ghost Vapors & Smoke Shop Ll
- Retailer
- -
- -
- -
- Jackie's Pharmacy
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Blossom Pediatric Care | Health Care and Social Assistance | - | - | - | ||
| Ghost Vapors & Smoke Shop Ll | Retailer | - | - | - | ||
| Jackie's Pharmacy | Retailer | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | A-12-29-18-4HF-000002-00001.0 | Improvements Assessment | $1,240,851 CAD |
| Land Assessment | $142 CAD | Total Assessment | $1,240,993 CAD |
Property Taxes
Parcel Number
A-12-29-18-4HF-000002-00001.0
Land Assessment
$142 CAD
Improvements Assessment
$1,240,851 CAD
Total Assessment
$1,240,993 CAD
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507 E Dr Martin Luther King Jr Blvd
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