Exceptional 2.82-Acre Commercial Development Opportunity in Tampa. Nestled in the heart of Tampa's dynamic growth corridor, this expansive 2.82-acre property offers an unparalleled opportunity for commercial development. Zoned for Planned Development (PD), the land presents a blank canvas for a visionary project. Current zoning allows for a wide variety of permitted uses that include light industrial, warehousing, research laboratories, offices, hotel, automotive, agricultural and many more uses. The land's flat topography and clear boundaries make it an ideal site for development, significantly reducing construction complexities. Utilities are readily available, with easy connections to essential services such as electricity, water, sewage, and high-speed internet, ensuring that the development process is as smooth as possible. Features 202 feet of frontage on a major thoroughfare FL-579 (E MLK Jr Blvd), complete with two curb cuts and additional deeded easement for access to Orient Rd. Ideally located near I-4, US-301, and I-75, offering excellent connectivity. Additional income is generated through an existing billboard lease on the property. Tampa's economy is on the rise, and this property is perfectly positioned to capitalize on this growth. The combination of its accessible location, versatile zoning, and development-ready features makes it an ideal investment for forward-thinking developers and businesses.
Property Details
Property Features
Listing Office:
Office Name: YELLOWFIN REALTY
Office Phone: (813) 229-8862
Listing Agent: Andrew Schmitt
Virtual/3D Tour
Virtual Tour: 7222 E Dr Martin Luther King Jr Blvd
Hillsborough Virtual School, Public District Grades KG-12
Blake High School, Public Magnet Grades 9-12
Mann Middle School, Public District Grades 6-8
Kenly Elementary School, Public District Grades PK-5
Metropolitan Ministries Partnership Elementary School, Public District Grades KG-5
Usf/Patel Partnership Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: I-75 South to exit 260 to merge onto FL-574 west E Dr. Martin Luther King Jr Blvd. Drive west and property will be on the immediate right after crossing Orient Rd.
Price Information
Listing Price Info
Price Summary:
List Price: $2,000,000
Tax Information:
Annual Amount: $10,048
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Tampa, FL.
This property is $1.5M more than the Median Sold Price in Tampa, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #T3506316
Listing Office:
Office Name: YELLOWFIN REALTY
Office Phone: (813) 229-8862
Listing Agent: Andrew Schmitt
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/27/2024, 8:19:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$10,048
$682,374
2018
$8,400
$541,807
2017
$7,993
$528,377
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10K
Per Month
Principal & Interest
$9,982
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,063
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Kenly Elementary School
2909 N 66th St
Distance between this listing and this school0.92 miles
Public District Grades PK-5
8
/10
Metropolitan Ministries Partnership Elementary School
102 E Palm Ave
Distance between this listing and this school5.45 miles
Public District Grades KG-5
6
/10
Usf/Patel Partnership Elementary School
11801 Usf Bull Run St
Distance between this listing and this school5.49 miles
Public District Grades KG-5
Middle School
3
/10
Mann Middle School
409 E Jersey Ave
Distance between this listing and this school6.10 miles
Public District Grades 6-8
High School
6
/10
Hillsborough Virtual School
901 E Kennedy Blvd
Distance between this listing and this school5.28 miles
Public District Grades KG-12
2
/10
Blake High School
1701 N Boulevard
Distance between this listing and this school5.87 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Kenly Elementary School
2909 N 66th St
Distance between this listing and this school0.92 miles
Public District Grades PK-5
8
/10
Metropolitan Ministries Partnership Elementary School
102 E Palm Ave
Distance between this listing and this school5.45 miles
Public District Grades KG-5
6
/10
Usf/Patel Partnership Elementary School
11801 Usf Bull Run St
Distance between this listing and this school5.49 miles
Public District Grades KG-5
Assigned Schools
3
/10
Mann Middle School
409 E Jersey Ave
Distance between this listing and this school6.10 miles
Public District Grades 6-8
Nearby Schools
8
/10
Williams Middle Magnet School
5020 N 47th St
Distance between this listing and this school2.10 miles
Public Magnet Grades 6-8
4
/10
Franklin Middle Magnet School
3915 E 21st Ave
Distance between this listing and this school2.70 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
Hillsborough Virtual School
901 E Kennedy Blvd
Distance between this listing and this school5.28 miles
Public District Grades KG-12
2
/10
Blake High School
1701 N Boulevard
Distance between this listing and this school5.87 miles
Public Magnet Grades 9-12
Nearby Schools
6
/10
Tampa Bay Tech High School
6410 Orient Rd
Distance between this listing and this school1.77 miles
The neighbors living near this home have an average income of $33,152. Typical income of Tampa, FL residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7222 E Dr Martin Luther King Jr Blvd
What is the listing price of this property?
The listing price of 7222 E Dr Martin Luther King Jr Blvd property is $2,000,000.
What type of property is this?
The property 7222 E Dr Martin Luther King Jr Blvd is land located in Tampa, Florida, 33619.
Is this property for sale now?
Active Listing: 7222 E Dr Martin Luther King Jr Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7222 E Dr Martin Luther King Jr Blvd are: Kenly Elementary School: GreatSchools Rating 4/10Metropolitan Ministries Partnership Elementary School: GreatSchools Rating 8/10Usf/Patel Partnership Elementary School: GreatSchools Rating 6/10Mann Middle School: GreatSchools Rating 3/10Hillsborough Virtual School: GreatSchools Rating 6/10Blake High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $10,048 (source: MLS/based on county public records data).
How much acreage is this property?
The property 7222 E Dr Martin Luther King Jr Blvd is 2.82 acres.
Interested in 7222 E Dr Martin Luther King Jr Blvd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7222 E Dr Martin Luther King Jr Blvd in Tampa, FL and zip code 33619. This home sits on a 2.82 acre lot. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $2,000,000.
In March 2024 more than 130 listings in Tampa, FL were sold above the asking price. During the same period more than 164 listings were sold at asking price, while more than 441 were sold below. The inventory of homes for sale in Tampa, FL between February 2024 and March 2024 increased by 3.1%. In March 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $411,383.
From Rocket Homes Real Estate and based on county public records data.