1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603
- $399,000
- 2
- BD
- 1
- BA
- 756
- SqFt
- List Price
- $399,000
- Status
- Active
- Days on Market
- 30
- Price Change
- ▼ $38,000 1786517338
- MLS#
- TB8535299
- Property Style
- Duplex
- Year Built
- 1920
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 756
- Lot Size
- 6,750
- Acres
- 0.16
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Unplatted
- MLS Area Major
- Tampa / Seminole Heights
Property Description
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 strategically 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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Additional Information
- Taxes
- $1683
- Minimum Lease
- No Minimum
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- CG
- Interior Layout
- Ninguno
- Interior Features
- Ninguno
- Floor
- Luxury Vinyl
- Appliances
- Tankless Water Heater
- Utilities
- Cable Available, Electricity Available, Phone Available
- Heating
- None
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Asbestos
- Exterior Features
- Dog Run, Garden, Private Entrance, Private Mailbox, Private Yard, Storage
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Features
- Driveway, Guest, Oversized, Parking Pad
- Flood Zone Code
- X
- Parcel ID
- A-07-29-19-ZZZ-000005-88640.0
- 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
Listing courtesy of SELLSTATE COASTAL REALTY. 813-940-0101
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