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Renovated Freestanding Office Building
New
For Lease
$3,500/Mo

1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603

Updated standalone workspace with private offices, reception, parking, and a fenced rear yard along a major Tampa commercial corridor.

Space Size756 SF
Days on Market7

Property Features for 1221 E Dr Martin Luther King Jr Boulevard

General Information

Standard status Active
Size 756 SF
Net Rentable 756 SF

Space & Availability

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

Additional Details

Highway Access Yes

Amenities

coffee bar/break area
fenced backyard

Building Details

Year Built 1920
Building Size 756 SF
Listing Agency: SELLSTATE COASTAL REALTY
Listed By: Eriola Goldman · License #3314901
Source: Chenoregroup
Added: Sep 19 Last Checked: Sep 24 at 10:55AM

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 756-square-foot freestanding office building, constructed in 1920, has been substantially updated for contemporary professional use. The layout includes two private offices, a reception area, a coffee and break station with sink, and a renovated restroom. Improvements include three new mini-split HVAC systems, energy-efficient windows, a tankless water heater, luxury vinyl plank flooring, updated lighting, and modern interior finishes.

The property provides 4-5 parking spaces at the front and a large fenced backyard that can accommodate approximately 10 additional vehicles with minimal improvements. Located at 1221 E Dr Martin Luther King Jr Boulevard in Tampa, the office offers access to Downtown Tampa, Ybor City, Seminole Heights, I-275, I-4, and the Selmon Expressway. The surrounding area includes residential, commercial, and mixed-use redevelopment.

Key Highlights

  • 756 SF freestanding office building
  • Two private offices, reception area, coffee bar/break area, and renovated restroom
  • Three new mini‑split HVAC systems and a tankless water heater

Property Analytics

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Current Use

Office buildings

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
$8.33 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

706
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Tampa, FL

$36.68 /SF/Yr
Avg Asking Price
$14–$55.56 /SF/Yr
Price Range
21,566 SF
Avg Space Size

This space is priced 51% above the average of $36.68 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office building - Updated standalone workspace with private offices, reception, parking, and a fenced rear yard along a major Tampa commercial corridor.
Where is this office building located?
The property is located at 1221 E Dr Martin Luther King Jr Boulevard Tampa, FL.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 756 SF freestanding office building; Two private offices, reception area, coffee bar/break area, and renovated restroom; Three new mini‑split HVAC systems and a tankless water heater
More about this property
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