1221 E DR MARTIN LUTHER KING JR BLVD Tampa, FL 33603
2 Beds
1 Bath
756 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 756 sqft
Price per Sqft $527
Subdivision Unplatted
MLS Listing ID TB8535299
Bedrooms 2
Construction Status Completed
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,683
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 54x125
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Hillsborough
Community Unplatted
Area 33603 - Tampa / Seminole Heights
Zoning CG
Interior
Interior Features Ninguno
Heating None
Cooling Mini-Split Unit(s)
Flooring Luxury Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Tankless Water Heater
Laundry None
Exterior
Exterior Feature Dog Run, Garden, Private Entrance, Private Mailbox, Private Yard, Storage
Parking Features Driveway, Guest, Oversized, Parking Pad
Utilities Available Cable Available, Electricity Available, Phone Available
View Y/N No
Water Access No
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Asbestos
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8535299
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