Catylist ID: #30719955
Martin Luther King Professional Center
Office for Sale
|Catylist Listing ID:||30719955|
|Property Subtypes:||Business Park, Executive Suites, Medical, Office Building|
|Building Size (RSF):||11,840 SF|
|Gross Building Area:||12,036 SF|
|Unit Price:||$110.64 PSF|
|Property Use Type:||Investment|
|Class of Space:||Class C|
Overview / Comments
Foresight Property Services, LLC presents the Martin Luther King Professional Center, a strategically located medical office building in the heart of the Tampa Bay area. This professional office building is situated on W. Dr. Martin Luther King Jr. Blvd in the heart of it all, and just E. of the River and one mile W. of I-275. This property sits in the heart of 4 highly desirable areas; St. Joseph's Medical & Legal District, S. Seminole Heights, N. Riverside Heights, and Tampa Heights (home to Stetson Law School and relocation area to Orlando’s 2nd District Court of Appeals! and the new Hillsborough County Bar Association). The property boasts a close proximity to St. Joseph’s Hospital in an up and coming area of Tampa, Riverside Heights.
The building has been well maintained since its purchase in 2001, and has been institutionally managed since then. The property has a nice mix of tenants mostly medical related. This property also offers ample parking with enough spaces to accommodate all needs. Units are also allocated with nice signage on MLK Blvd.
This property consists of two stand alone buildings with one building containing three professional suites of 250 SF and a unit of 1,338 SF on the first floor, and the top floor with one unit consisting of 2,118 square feet. The adjacent building consists of one 850 SF unit, five 900 SF units, and one 2,300 SF unit on the second floor.
With currently in-place cash flows and every unit occupied, the property is primed for an end-user occupant looking for an investment opportunity into real estate with long-term value. Considering the proposed purchase price is well below replacement cost, the Martin Luther King Professional Center creates a unique opportunity for a plethora of investment strategies.
We invite you to take advantage of this highly visible arterial thoroughfare that flows from Dale Mabry and St. Joes Hospital Eastward past this site merely 10 or so blocks to I-275 and I-4 and near downtown.
Attachments & Media
|Nearest MSA:||Tampa-St. Petersburg-Clearwater|
|Highway Access:||Close proximity to I-275 and I-4|
|Airports:||SRQ, PIE, TPA|
|Total Number of Buildings:||2|
|Number of Stories:||2|
|Parking Description:||Ample Parking. Front lot and back lot|
|Total Parking Spaces:||40|
|Proximity:||1 mile||3 miles||5 miles|
Trifon HouvardasForesight Property Services
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