702 W DR MARTIN LUTHER KING JR BOULEVARD, Plant City, FL 33563
Office - PLANT CITY, FL
- Added:
- Dec 9, 2025
- Days on Market:
- 200
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 702 W DR MARTIN LUTHER KING JR BOULEVARD
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- C-1
- Exterior features
- Corner Lot
- Standard status
- Active
- APN
- P-29-28-22-5DB-000016-00008.0
- Size
- 2,506 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1777.99
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1919
- Flooring type
- Carpet, Concrete
- Building materials
- Block
- Roof type
- Metal
- Architectural style
- Other
Listing agent Tabatha Pugh License #3376544 (813) 476-8457
Listing office KELLER WILLIAMS REALTY SMART 218 E. Pine Street, Lakeland, FL (863) 577-1234
Listing date Dec 9, 2025
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Rental Income Potential: Currently generating over $10k with opportunity for increased revenue.
- Prime Commercial Location: Strategically situated on a major thoroughfare in Plant City with high visibility.
- Flexible 2,500+ Sq Ft Interior: Adaptable layout suitable for various professional office uses.
- Income‑Producing Apartment: Includes a one‑bedroom apartment providing immediate rental income.
- Strong Traffic Exposure & Accessibility: Easy access and close proximity to downtown, government offices, and medical facilities.
- Solid Construction & Historic Charm: Well‑built structure with character, offering a foundation for customization.
Overview
Located at 702 W Dr Martin Luther King Jr Boulevard in Plant City, the building sits on a 0.07-acre lot and is zoned C-1. Its central commercial setting places it within convenient reach of local business services and community uses.
For buyers seeking an owner-occupant setup, the building offers on-site residential rental alongside office space. The combination of a flexible office interior and dedicated storage from the converted unit may also appeal to investors looking to maintain multiple income uses within one property. The space is intended to support a range of professional and administrative operations, and the layout can be adapted for specific tenant needs.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $21.60 |
| − Vacancy | −$4.3k | −$1.73 |
| EGI | $49.8k | $19.87 |
| − OpEx | −$18.7k | −$7.45 |
| NOI | $31.1k | $12.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plant City
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.12792
- Latitude
- 28.013777
