Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Retail |
| Lot Size: | 0.4 Acres |
Financials
Price:$1,300,000
Annual Taxes:$17,393
Listing Courtesy of COASTAL BROKERAGE & INVESTMENT
Prime Tampa Investment Opportunity Dual Building Medical Retail Portfolio 507 E Dr.
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
Amenities
- Bathrooms
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.