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1221 E Dr Martin Luther King Jr Boulevard

Tampa, FL 33603
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Bed 2

Bed

Bath 1

Bath

SqFt756

Sqft

Acres0.16

Acre(Lot)

Income-Producing Investment Opportunity – E. Martin Luther King Jr. Blvd, Tampa Situated on an approximately 6,750 SF lot, this income-producing commercial property offers much more than its building footprint. The oversized, fully fenced site combines a renovated office, ample parking, a large usable rear yard, outdoor storage and a dedicated storage shed—creating multiple ways for a tenant or owner-user to utilize the entire property and supporting strong rental potential of approximately $4,500/month ($54,000 annually). nvestment angle: A compact commercial asset with multiple usable components and the ability to generate approximately $54,000 in gross annual rental income—ideal for an investor looking for cash flow or an owner-user who wants to offset occupancy costs with a strat egically located Tampa property. The property features a fully renovated office building with private offices, updated restroom, coffee bar, three mini-split HVAC systems, tankless water heater, new windows, upgraded lighting and modern flooring. The large fenced rear yard provides valuable additional utility, including outdoor storage plus one storage shed, creating flexibility for contractors, service businesses, trades, equipment storage or other commercial users. With potential rent of approximately $4,500 / month ($54,000 annually), the property offers compelling income potential relative to its size. The combination of office + secured outdoor storage + dedicated shed + parking allows an investor to market more than simply office space and potentially command a premium from users who need both workspace and storage. Additional highlights include high-visibility MLK frontage, approximately 4–5 front parking spaces, a large fenced rear area with potential for additional parking, Opportunity Zone location.

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Detail Ic Property Details

Property Type : Residential Income

Price : $399,000

AD Id : 89024993

MLS Id : MFRTB8535299

Beds : 2

Lot Size : 0.16 Acre

Living Area Size : 756 Sq. Ft

Tax Amount : $1,683.20

Year Built : 1920

County : Hillsborough

Subdivision: Palm Coast Sec 35

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 1

    Interior Features

    Ninguno Roof: Shingle Appliances: Tankless Water Heater Laundry Features: None

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Luxury Vinyl Construction Materials: Asbestos
  • Heating & Cooling

    Heating: None Cooling: Mini-Split Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1920
  • Exterior Features

    Dog Run, Garden, Private Entrance, Private Mailbox, Private Yard, Storage Construction Materials: Asbestos Foundation Details: Crawlspace

  • Lot Information

    Lot Dimensions: 54x125 Lot Square Feet: 6750 Lot Acres: 0.16 Lot Size (SqMt): 627

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Listing Price Information

    Original List Price:$437000

  • Tax Information

    Tax Block: 5 Tax Book Number: 2-71 Tax Lot: 6750 Tax Legal Description: LOT BEG 712 1/4 FT W & 25 FT S OF NE COR OF NW 1/4 & RUN S 120 FT W 54.25 FT N 120 FT & E 54.25 FT TO BEG LESS NLY 6 FT FOR BUFFALO AVE R/W AND N 1/2 OF VACATED ALLEY ABUTTING ON S Annual Tax: $1683.2 Tax Year: 2025 Parcel Number: A-07-29-19-ZZZ-000005-88640.0

  • Utility Information

    Cable Available, Electricity Available, Phone Available Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: UNPLATTED City: TAMPA Direction: 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: Driving Directions: From Downtown Tampa, head north on N. Nebraska Ave., turn right onto E. Martin Luther King Jr. Blvd. (SR 574), and continue east. The property will be on the right at 1221 E. Martin Luther King Jr. Blvd., Tampa, FL 33603.
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Nearby Home Value

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4204 N Marguerite Street, Tampa, FL, 33603 $335,999 -- -- 1,175 0.15 Acre
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206 E Ida Street, Tampa, FL, 33603 $379,000 4 3 1,646 0.06 Acre
210 W Floribraska Avenue, Tampa, FL, 33603 $499,900 3 2 2,000 0.12 Acre
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ByOwner last updated this listing 09/20/2026 @ 18:20

MLS: MFRMLS #TB8535299 LISTED BY: Eriola Goldman, SELLSTATE COASTAL REALTY 813-940-0101 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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