Pharmacy Retail
3302 E DR MARTIN LUTHER KING JR Boulevard Tampa, FL 33610
3302 E DR MARTIN LUTHER KING JR Boulevard, Tampa, FL, 33610
$400,000
For Sale
$400,000
COMMERCIAL - TAMPA, FL
Property Size2,763 SF
Lot Size0.22 Acres
Price / SF$144.77
Days on Market14
Property Features for 3302 E DR MARTIN LUTHER KING JR Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CI
- Standard status
- Active
- APN
- A-05-29-19-4A5-000009-00007.0
- Size
- 2,763 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ALTAMIRA HEIGHTS LOTS 7 AND 8 BLOCK 9 LESS R/W AND S 1/2 OF ALLEY ABUTTING ON N AND N 1/2 OF ALLEY ABUTTING ON N LOT 8
- Tax Annual Amount
- 6838
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1923
- Flooring type
- Tile
- Building materials
- Stucco
Listing agency
SERRALLES GROUP,INC
(813) 307-0007
Listed by
Eddie Serralles · License #508984
(813) 610-1563
Added: Jul 9 Checked: Jul 22 at 11:06PM
MLS# TB8526594
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.
Investment Insights
Based on property information with market context.
For sale pharmacy retail space with a functional interior layout, offered in the context of a short sale package. The property is configured for pharmacy use, with a layout that may also support other retail, medical, or service-oriented businesses.
The building is located at 3302 E Dr Martin Luther King Jr Boulevard in Tampa, FL 33610. It sits on approximately 0.22 acres and is zoned CI.
The listing information includes a total building size of 2,763 square feet. Please note this offering is priced as part of a package short sale deal.
The building is located at 3302 E Dr Martin Luther King Jr Boulevard in Tampa, FL 33610. It sits on approximately 0.22 acres and is zoned CI.
The listing information includes a total building size of 2,763 square feet. Please note this offering is priced as part of a package short sale deal.
Key Highlights
- 1923‑built commercial pharmacy space with stucco construction
- Tile flooring throughout and central heating with central air
- Served by public water and public sewer
Local Financial Insights For Retail
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 | $49.7k | $18.00 |
| − Vacancy | −$4.2k | −$1.53 |
| EGI | $45.5k | $16.47 |
| − OpEx | −$13.7k | −$4.94 |
| NOI | $31.9k | $11.53 |
2,763 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$601.1K
$525.9K – $701.3K
NOI $42,075 @ 7.0% cap · market cap 10.52%
Second Best
Retail
$455.1K
$398.2K – $530.9K
NOI $31,855 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$637.3K
$557.6K – $743.5K
NOI $44,608 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Uga Str Clinic
Medical Clinic
UPS Authorized Shipping ...
Courier Service
Vigo
Bank
City Pharmacy
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- Tampa Drugs Pharmacy — E 23rd Ave, Tampa, FL 33605
- City Pharmacy — 3302 E Dr Martin Luther King Jr Blvd, Tampa, FL 33610
FAQs
What type of property is this?
Drug store - For-sale pharmacy space in CI zoning, offered as part of a package short sale deal.
Where is this drug store located?
The property is located at 3302 E DR MARTIN LUTHER KING JR Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1923‑built commercial pharmacy space with stucco construction; Tile flooring throughout and central heating with central air; Served by public water and public sewer
