1221 E DR MARTIN LUTHER KING JR BOULEVARD, Tampa, FL, 33603
About This Home
Positioned just minutes from Downtown Tampa, this renovated freestanding commercial property offers an exceptional opportunity for an owner-user, investor, or growing business. Located within a designated Opportunity Zone and featuring CG (Commercial General) zoning, the property offers a compelling combination of location, flexible commercial use potential, land, and a completely renovated building. Situated on approximately 6,750 SF of land, the approximately 756 SF freestanding building has been thoughtfully updated with two private offices, reception area, renovated restroom, coffee bar/break area, energy-efficient windows, three mini-split HVAC systems, tankless water heater, LVP flooring, upgraded lighting, and contemporary finishes throughout. The property also features front parking and a large fenced rear lot with potential for additional parking or other uses permitted under CG zoning. Located along the E. MLK Jr. Blvd corridor, the property provides convenient access to Downtown Tampa, Ybor City, Seminole Heights, I-275 and I-4 while remaining only minutes outside Tampa’s urban core. PROPERTY HIGHLIGHTS CG – Commercial General Zoning Located within an Opportunity Zone Minutes from Downtown Tampa Approximately 756 SF freestanding building Approximately 6,750 SF lot Fully renovated & move-in ready Two private offices + reception area Large fenced rear lot Additional parking potential Excellent owner-user or investment opportunity Convenient access to I-275, I-4, Ybor City & Seminole Heights
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 1920
Materials
- Foundation: Crawlspace
- Roof: Shingle
- Construction materials: Asbestos
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Tankless Water Heater
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- None
- Flooring: Luxury Vinyl
Heating & Cooling
- Heating features: None
- Cooling features: Ductless
Interior Area
- Total structure area: 756
- Total interior livable area: 756 sqft
Kitchen
- Level: First
Living Room
- Level: First
Primary Bedroom
- Features: Built-in Closet
- Level: First
Property
Details
- Parcel number: A072919ZZZ00000588640.0
- Zoning: CG
- Special condition: None
Features
- Levels: One
- Stories: 1
- Exterior features: Dog Run,Garden,Private Entrance,Private Mailbox,Private Yard,Storage
- Fencing: Fenced
- Residential vegetation: Oak Trees
Lot
- Lot size: 6,750 sqft
- Lot size dimensions: 54 x 125
Parking
- Parking features: Driveway,Guest,Oversized,Parking Pad
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Hurricane
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Hillsborough County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,209 | $26,508 |
| Home Insurance * | $453 | $5,436 |
| Property Taxes | $305 | $3,660 |
| Electricity | $197 | $2,366 |
| Total | $3,164 | $37,968 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Price change | $399,000 |
| 2026-07-26 | Listed for sale | $437,000 |
| 2026-04-29 | Sold | $140,000 |
| 2026-03-24 | Pending sale | $160,000 |
| 2026-03-04 | Listed for sale | $160,000 |
| 2026-02-09 | Pending sale | $160,000 |
| 2026-01-08 | Price change | $160,000 |
| 2025-10-07 | Listed for sale | $184,900 |
| 2025-02-07 | Listing removed | $182,500 |
| 2024-11-13 | Price change | $182,500 |
| 2024-08-06 | Listed for sale | $185,000 |
| 2024-07-11 | Listing removed | $189,500 |
| 2024-04-14 | Listed for sale | $189,500 |
| 2024-02-21 | Pending sale | $189,500 |
| 2024-02-07 | Price change | $189,500 |
| 2023-12-01 | Listed for sale | $190,000 |
| 2000-07-17 | Sold | $42,000 |
| 1996-12-17 | Sold | $15,500 |
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