by RH Advisors

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East Lake-Orient Park 33610 East Lake - Orient Park
7222 E Dr Martin Luther King Jr BOULEVARD
$2,000,000
Land - For Sale
bedrooms
Studio
bathrooms
0 Bath
$10,906
Estimated Monthly
0.11%
Cap Rate

About This Property

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. Property is less than a mile away from Florida State Fair Grounds and the Seminole Hard Rock Casino. 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.
Unit Size
-
Days on Market
124 days
Land Size
2.82 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,085
HOA Dues
-
Year Built
1957

Listed By

Last updated: 6 days ago (Stellar MLS #T3506316)

Price History

Date / Event Date Event Price
Feb 21, 2024 Listed by Yellowfin Realty $2,000,000
Listed by Yellowfin Realty
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…
Feb 17, 2005 Sold to Corner Llc Bristol $4,000,000
Sold to Corner Llc Bristol
May 27, 2003 Sold to Avenue Development Llc Bristol $350,000
Sold to Avenue Development Llc Bristol

Property Highlights

Exterior Details

Building Information

Other Structures: Billboard
Building Area Units: Square Feet

Lot Information

Lot Features: Buildable, Cleared, Level, Sidewalk
Lot Size Area: 2.82
Lot Size Units: Acres
Lot Size Acres: 2.82
Lot Size Square Feet: 122839
Lot Size Dimensions: 202 x 626

Land Information

Water Source: None, Public, Well
Financial Details
Tax Annual Amount: $13,022

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 361
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 126,369
  • Total Building Area: 843
  • Gross Building Area: 1,522
  • Building Area: 843
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 843
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: UNPLATTED
  • Land Acres: 2.901
  • Legal Description 1: W 198.7 FT OF E 397.4 FT OF S 1/2 OF SW 1/4 OF SE 1/4 LESS E 10.50 FT FOR SR 574

Ownership

  • Current Owner : BRISTOL CORNER LLC
  • Previous Owner : BRISTOL AVENUE DEVELOPMENT LLC
  • Owner Before Previous Owner: MANALL JOSEPHINE

Neighborhood

  • School District Name: Hillsborough County School District
  • Census Tract: 012001

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 21
  • Subdivision Tract Number: ZZZ
  • Parcel: 041145-0000
  • Block: 1
  • Lot: 43730
  • Meridian: SEC 02 TWN 29S RNG 19E
  • Municipality: UNICORPORATED
  • Latitude: 27.9819
  • Longitude: -82.374

    Address

  • Full Address: 7222 E Dr Martin Luther King Jr Blvd
  • Address - House Number: 7222
  • Street Direction: E
  • Address - Street Name: Dr Martin Luther King Jr
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Tampa
  • Carrier Code: C081
  • 4-Digit Zip Code: 1130
  • Zip Code: 33619

Valuation

    Tax

  • Total Area: 923
  • Tax Year: 2023
  • Tax Amount: $13,022
  • Tax Rate Code Area: U

    Appraisal Valuation

  • Standard Deviation: 0.1295
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 85
  • Final Value: 1,155,552
  • High Value: 1,305,284
  • Low Value: 1,005,821

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $14,244,390
  • First Open Lien Mortgage Lender: GOLD BANK
  • First Open Lien Mortgage Recording Date: Feb 17, 2005
  • First Open Lien Mortgage Loan Amount: $14,244,390
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Feb 17, 2035

    Market Valuation

  • Market Total Value: $1,057,238
  • Market Land Value: $1,057,238

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,057,238
  • Assessed Land Value: $1,057,238

    Sales

  • Current Sale Contract Date: Feb 15, 2005
  • Current Sale Recording Date: Feb 17, 2005
  • Current Sale Transaction ID: 1056987149
  • Current Sale Price: $4,000,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2005066262
  • Previous Sale Recording Date: May 27, 2003
  • Previous Sale Contract Date: May 21, 2003
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: GOLD BANK
  • First Mortgage Transaction Date: Feb 17, 2005
  • First Mortgage Loan Amount: $14,244,390
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Lake - Orient Park


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Frequently Asked Questions

When was property at 7222 East Martin Luther King Jr Boulevard built and last sold?
The property at 7222 East Martin Luther King Jr Boulevard was built in 1957 and last sold on Feb 15, 2005 for $4,000,000.
How much is this home worth?
The estimated value of the home located at 7222 East Martin Luther King Jr Boulevard is $2,020,000.
What are some comparable homes to 7222 East Martin Luther King Jr Boulevard?
There are currently no comparable homes to 7222 East Martin Luther King Jr Boulevard.

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