www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33924381
33924389

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

JO
FL BK3072231
Coastal Brokerage & Investment
Coastal Brokerage & Investment
Listed by Coastal Brokerage & Investment
$1,300,000
0 days on market
Updated 0 days ago
Opportunity zone

Dual-Building Medical and Retail Portfolio Fully Leased

Details
APN 1829124HF000002000010A
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 3,810
Units 2
Cap Rate 7.00%
NOI $80,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Remaining Term 5
Year Built 1964
Year Renovated 2025
Buildings 2
Stories 1
Lot Size (SqFt) 15,920
Zoning Commercial General (CG)
Parking Spaces 25 spaces
Parking Per SqFt 6.56
Investment Type Stabilized
Ground Lease No
Ownership Fee simple

Medical User

Marketing 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

Investment highlights

  • Lot Frontage:104
  • Lot Depth:127
  • Located in a bustling Business area contiguous to McDonalds.
  • Located in a prime location with great visibility. I-275 ramp borders the subject property. Two existing buildings with a total of 3,810 sq ft.

    Listing Contacts

    JO
    FL BK3072231
    Coastal Brokerage & Investment
    Coastal Brokerage & Investment
    Listed by Coastal Brokerage & Investment

    Valuation Calculator

    Login or Sign up to see Valuation Metrics
    Sign up for Crexi to see valuation metrics for this property
    $
    $
    %
    Loan Amount
    $0.00
    Annual Debt Service
    $--
    $--
    Annual Cash Flow
    $80,000.00
    $6,666.67/mo

    Valuation Metrics

    0
    DSCR
    6.15%
    Cap Rate
    6.15%
    ROI

    Map

    Zoning

    Intelligence Badge
    CG CommercialGeneral CommercialCommercial General
    View municipality zoning documents
    Upgrade to see the zone description and what's allowed on this property
    Upgrade to search and view land use codes
    View all 144 uses
    View all 144 uses
    Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics

    Broker Selected Comps View More Comps

    Property History

    Intelligence Badge

    Tax History

    Intelligence Badge

    Similar Properties

    View All

    Additional Information

    Name
    Jim OBrien
    License
    BK3072231
    Brokerage Phone
    813 404-0665
    *All information is deemed reliable but not guaranteed. Buyer to verify all information.
    Is there information that looks off?
    For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
    Equal Housing Opportunity
    5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
    © 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591