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1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603

$437,000
  • 1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603 Main Photo

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New to the Market Active
BEDS2 BATHS SQUARE FEET756 MLS#TB8535299
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONUNPLATTED

Property Description

Completely renovated freestanding office building located along one of Tampa's fastest-growing commercial corridors. This move-in-ready property offers a modern, professional environment ideal for attorneys, real estate professionals, insurance agencies, accountants, consultants, medical users, and other professional office or service-based businesses.The thoughtfully designed interior features two private offices, a welcoming reception area, a renovated restroom, and a stylish coffee bar/break area with sink. Recent capital improvements include three new mini-split HVAC systems, a tankless water heater, new energy-efficient windows, luxury vinyl plank flooring, upgraded lighting, and contemporary finishes throughout, creating a turnkey workspace with minimal maintenance requirements.Situated on a generous 6,750+ SF lot, the property also features a large, fully fenced backyard with the potential to accommodate approximately 10 additional parking spaces (subject to applicable approvals), providing flexibility for future expansion, additional parking, outdoor workspace, or equipment storage. Existing front parking offers convenient access for clients and employees.Strategically positioned on E. Martin Luther King Jr. Boulevard, the property provides excellent connectivity to Downtown Tampa, Ybor City, Seminole Heights, I-275, I-4, and the Selmon Expressway, placing businesses within minutes of Tampa's major employment centers and transportation routes.Adding to its investment appeal, the property is located within a federally designated Opportunity Zone, creating the potential for valuable tax advantages for qualified investors utilizing a Qualified Opportunity Fund. Buyers should consult their tax and legal advisors regarding eligibility and program requirements.Surrounded by ongoing residential, retail, commercial, and mixed-use redevelopment, this location continues to benefit from significant public and private investment, positioning the property for long-term appreciation and growth. Whether you're an owner-user seeking a premium office location or an investor looking for a renovated asset in one of Tampa's most active redevelopment corridors, this property presents an exceptional opportunity.Property HighlightsFully renovated freestanding office buildingTwo private offices, reception area, restroom, and coffee barThree new mini-split HVAC systemsTankless water heaterNew energy-efficient windowsLuxury vinyl plank flooring and modern finishes6,750+ SF lot with large fenced backyardPotential for approximately 10 additional parking spaces (subject to approvals)Excellent visibility on E. Martin Luther King Jr. BoulevardMinutes to Downtown Tampa, Ybor City, Seminole Heights, I-275, I-4, and the Selmon ExpresswayLocated within a federally designated Opportunity Zone

1221 E Dr Martin Luther King Jr Boulevard | MLS# TB8535299

This multi-family property located at 1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603 is currently listed for sale with an asking price of $437,000. Search Tampa real estate on www.floridaexecutiverealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: None
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $1,683
Year Built: 1920

Amenities

Ninguno
Dog Run
Garden
Private Entrance
Private Mailbox
Private Yard
Storage

Feature Descriptions

Annual Net Income: 57600.00
Appliances: Tankless Water Heater
Directions: From I-275, take Exit 46A for Dr. Martin Luther King Jr. Blvd. (SR 574) and head east. Continue approximately 1.5 miles. The property is located on the right at 1221 E. Martin Luther King Jr. Blvd., Tampa, FL 33603.Or, if approaching from Downtown Tampa:D
Exterior: Asbestos
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Other
Lot Dimensions: 0.16
Other Equipment: Private Entrance, Private Yard
Other Structures: Shed(s), Storage
Ownership: Fee Simple
Parking: Driveway, Guest, Oversized, Parking Pad
Parking Notes: Driveway, Guest, Oversized, Parking Pad
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Combination Lock Box
Special Sale Provisions: None
Utilities: Cable Available, Electricity Available, Phone Available
Water: Public
Water Access Y/N: No
Zoning: CG

Listed By / Shown By

Listed By

Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101

Shown By

Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500

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Estimated Payment

$ 1,240.28 per month $972.57 Principal & Interest $140.25 Property Tax $127.46 Homeowner's Insurance

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