Plant City Commercial Office
702 W DR MARTIN LUTHER KING JR BOULEVARD, Plant City, FL 33563
Office - PLANT CITY, FL
Type:Office
Property size:
2,506 SFLot size:
0.07 AcresPrice / SF:
$169/SF- Added:
- Dec 9, 2025
- Days on Market:
- 173
- Last Refresh:
- May 31 at 7:06 am
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
MLS# L4956770
Listing URL
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 on a major thoroughfare in Plant City, this commercial office opportunity at 702 W Dr Martin Luther King Jr Blvd offers visibility, accessibility, and proximity to downtown, government offices, medical facilities, and key community services. The property features over 2,500 sq ft of interior space with a flexible layout suitable for various professional uses, including medical, legal, financial, real estate, administrative, or creative office operations. The building includes a one-bedroom apartment on a month-to-month lease and an additional apartment converted to storage, providing income potential. The structure has historic charm and solid construction, offering a foundation for customization or modernization. With prominent street frontage and ample interior workspace, this property is suitable for an owner-user, investor, or business seeking a high-visibility address in Plant City's growing commercial corridor. The lot size is 0.07 acres. The property is currently producing over $10,000 in rental income.
Local Financial Insights For Apartment 5plus
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 | $45.1k | $18.00 |
| − Vacancy | −$3.2k | −$1.28 |
| EGI | $41.9k | $16.72 |
| − OpEx | −$18.9k | −$7.52 |
| NOI | $23.0k | $9.20 |
2,506 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$329.3K
$288.1K – $384.1K
NOI $23,048 @ 7.0% cap · market cap 5.42%
Second Best
Office B
$241.6K
$211.4K – $281.9K
NOI $16,911 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Focus Magazine
Publishing House
TURFBrands
(Bike/Boat/Book/etc) Store
Premier Windows and Doors
Hardware & Home Improvement
Buck's Professional Painting
Painting
Bulletproof Design
Marketing & Advertising
Location Insight
- Map
- Local Demand
- City
- Plant City
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.12792
- Latitude
- 28.013777
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime commercial office space with income potential in Plant City.
Where is this office building located?
The property is located at 702 W DR MARTIN LUTHER KING JR BOULEVARD Plant City, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 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.
