Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 2 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 3 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 4 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 5 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 6 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 7 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 8 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 9 of 10
Land at 503 W DR MARTIN LUTHER KING JR BLVD, TAMPA, photo 10 of 10
10 photos

$3,000,000

503 W DR MARTIN LUTHER KING JR BLVD
TAMPA, FL 33603
Listed by Paul Melikian · PAUL MELIKIAN
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

PRIME TAMPA DEVELOPMENT OPPORTUNITY – 2.35 ACRES 430+/-FEET OF FRONTAGE | 34,000 VEHICLES DAILY! Exceptional opportunity to acquire approximately 2.35 acres consisting of seven parcels along W Dr. Martin Luther King Jr. Boulevard in Tampa. Featuring approximately 430 feet of road frontage, the property offers excellent visibility and exposure along a major commercial corridor with an annual average daily traffic count of 34,000 vehicles, according to 2025 FDOT data. A newly installed four-way traffic signal at the southeast corner of the site further enhances its strategic location and development appeal. Conveniently located near I-275, St. Joseph's Hospital, and surrounding established residential and commercial neighborhoods, the property presents an attractive opportunity for a variety of potential uses, including retail, medical or professional offices, and mixed-use development, subject to applicable zoning and development approvals. The combination of substantial acreage, extensive road frontage, multiple parcels, and proximity to major transportation routes and medical facilities makes this an excellent opportunity for developers, investors, and owner-users. Buyer to verify zoning, permitted uses, utilities, access, and all development requirements.

Property details

MLS
Stellar MLS
MLS #
MFRTB8559332
Property type
Land
Subdivision
CHELSEA
Status
Active
Days on market
N/A
On market date
October 19, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
2.35 acres
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
BROWARD ELEMENTARY SCHOOL
0.46 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
291
Student:teacher ratio
11.6:1
District
HILLSBOROUGH
Middle
MEMORIAL MIDDLE SCHOOL
0.7 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
655
Student:teacher ratio
19.3:1
District
HILLSBOROUGH
HighCharter
SEMINOLE HEIGHTS CHARTER HIGH SCHOOL
0.33 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
214
Student:teacher ratio
107.0:1
District
HILLSBOROUGH

Walkability

Blended score for TAMPA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores11
Parks13
Schools15
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in TAMPA, from live MLS data.

On the market 0 days -- 83 fewer days than TAMPA's current average of 83 days.
For reference, the median list price across 6,272 active listings in TAMPA right now is $340,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$18,216/mo
$600,000 down
$2,400,000 loan
Principal & interest$15,566
Property tax (est.)$2,500
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.