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Freestanding Office Building
New
For Lease
$38,400

1221 E DR MARTIN LUTHER KING JR, Tampa, FL 33603

The updated interior combines private offices, a reception area, a break space, and a renovated restroom.

Space Size756 SF
Days on Market5

Property Features for 1221 E DR MARTIN LUTHER KING JR

General Information

Standard status Active
Size 756 SF
Net Rentable 756 SF
Property subtype Commercial

Space & Availability

Available Space 756 SF
Contiguous Space 756 SF
Space Use Office
Condition Move-in Ready
Sublease No
Private Offices 2

Site & Location

Highway Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $1,683

Amenities

reception area
coffee bar

Building Details

Building Size 756 SF
Year Built 1920
Listing Agency: SELLSTATE COASTAL REALTY
Listed By: Eriola Goldman · License #3314901
Source: Elliman
Added: Oct 4 Last Checked: Oct 7 at 1:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SELLSTATE COASTAL REALTY

Investment Insights

Based on property information with market context.

This freestanding office property contains 756 SF and dates to 1920. Its renovated interior is arranged with two private offices, a reception area, a coffee bar and break area with sink, and a refreshed restroom. Improvements include three mini-split HVAC systems, energy-efficient windows, a tankless water heater, luxury vinyl plank flooring, and updated lighting.

Front parking accommodates 4-5 vehicles. The fenced rear yard could provide space for approximately 10 more vehicles with limited improvements. The property is on E. Martin Luther King Jr. Boulevard in Tampa, with access to Downtown Tampa, Ybor City, Seminole Heights, I-275, I-4, and the Selmon Expressway. Residential, commercial, and mixed-use redevelopment is underway in the surrounding corridor.

Key Highlights

  • 756 SF freestanding office building, built in 1920
  • Two private offices, reception area, and break space with sink
  • Three new mini‑split HVAC systems and a tankless water heater

Property Analytics

Current Use

Office Spaces

Suggested Use

Top Pick Law Firm Furniture & Home Goods Computer & Electronic Repair Skin Care Clinic Carpet & Flooring Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

706
Businesses Nearby
Under-served
Demand for This Use

Demographics for 33603, FL

19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value

Market

Lease Benchmarks for Tampa, FL

$42.31 /SF/Yr
Avg Asking Price
$3.69–$288 /SF/Yr
Price Range
12,556 SF
Avg Space Size

Vacancy Rate% for Office in Tampa, FL

13.8% 2019
14.2% 2020
19.1% 2021
22.3% 2022
21.9% 2023
20.7% 2024
18.9% 2025
Rey
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Similar Off Market Nearby

  • 1-800 Office Solutions — 1401 E 22nd Ave., Tampa, FL 33605
  • mart Installs, Corp — 2912 N 16th St, Tampa, FL 33605
  • CybernetiX S3C — 905 E 24th Ave A, Tampa, FL 33605

Frequently Asked Questions

What type of property is this?
Office space - The updated interior combines private offices, a reception area, a break space, and a renovated restroom.
Where is this office space located?
The property is located at 1221 E DR MARTIN LUTHER KING JR Tampa, FL.
What is the lease rate?
The lease rate is $38,400.
What are key features of this property?
This property features: 756 SF freestanding office building, built in 1920; Two private offices, reception area, and break space with sink; Three new mini‑split HVAC systems and a tankless water heater
More about this property
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