1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: eriola goldman
Office: sellstate coastal realty
MLS#:TB8535299
Source:MFRMLS
Price summary
- Price:$379,000
- Price per sq. ft.:$501.32
About this home
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....
Contact an agent
Home facts
- Year built:1920
- Subdivision & Development:UNPLATTED
- Listing ID #:TB8535299
- Added:110 day(s) ago
- Updated:November 12, 2026 at 10:12 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Flooring:Luxury Vinyl
- Basement Description:Crawlspace
- Living area:756 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s)
Structure and exterior
- Roof:Shingle
- Year built:1920
- Building area:756 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Asbestos
- Exterior Features:Dog Run, Garden, Private Mailbox
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$379,000
- Price per sq. ft.:$501.32
- Tax amount:$1,683 (2025)
Features and amenities
- Appliances:Tankless Water Heater
- Amenities:Cable Available, Electricity Available, Phone Available
- Pool features:Public Pool
Parking
- Parking description:Driveway, Guest, Oversized, Parking Pad
New listings near 1221 E Dr Martin Luther King Jr Boulevard
- Coming SoonOpen Sat, 11am to 1pm
$687,000Coming Soon3 beds 2 baths1,410 sq. ft.1008 W Ohio Avenue, TAMPA, FL 33603
MLS# TB8565927Listed by: SMITH & ASSOCIATES REAL ESTATE - Coming Soon
$895,000Coming Soon5 beds 3 baths2,766 sq. ft.13903 Wolcott Drive, TAMPA, FL 33624
MLS# TB8565959Listed by: LUXURY & BEACH REALTY INC - Coming Soon
$3,190,000Coming Soon4 beds 6 baths4,470 sq. ft.3 W Spanish Main Street, TAMPA, FL 33609
MLS# TB8566029Listed by: COASTAL PROPERTIES GROUP INTERNATIONAL - Coming Soon
$1,025,000Coming Soon4 beds 4 baths3,644 sq. ft.5150 Lakecastle Drive, TAMPA, FL 33624
MLS# TB8565595Listed by: BHHS FLORIDA PROPERTIES GROUP - Coming Soon
$1,495,000Coming Soon5 beds 3 baths5,152 sq. ft.3622 W Azeele Street, TAMPA, FL 33609
MLS# TB8565819Listed by: CHARLES RUTENBERG REALTY INC - Coming Soon
$365,000Coming Soon3 beds 3 baths1,240 sq. ft.Address Withheld By Seller, TAMPA, FL 33612
MLS# TB8563602Listed by: BHHS FLORIDA PROPERTIES GROUP - Coming Soon
$350,000Coming Soon10 AcresAddress Withheld By Seller, TAMPA, FL 33625
MLS# TB8556699Listed by: ONEIL COMMERCIAL ADVISORS - Coming Soon
$400,000Coming Soon3 beds 2 baths1,339 sq. ft.6618 Interbay Boulevard, TAMPA, FL 33611
MLS# TB8564060Listed by: REAL BROKER, LLC - Coming Soon
$505,000Coming Soon3 beds 2 baths1,560 sq. ft.1324 E Giddens Avenue, TAMPA, FL 33603
MLS# TB8564516Listed by: COMPASS FLORIDA LLC - Coming Soon
$489,990Coming Soon4 beds 2 baths2,544 sq. ft.19206 Robin Perch Lane, TAMPA, FL 33647
MLS# TB8563484Listed by: RE/MAX REALTY UNLIMITED