Mixed-Use Building in Gulfport Arts
5437 29TH AVENUE S Gulfport, FL 33707
5437 29TH AVENUE S, Gulfport, FL, 33707
$1,800,000
For Sale
$1,800,000
Mixed Use - GULFPORT, FL
Property Size5,252 SF
Lot Size0.23 Acres
Price / SF$342.73
Days on Market95
Property Features for 5437 29TH AVENUE S
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- MIXED USE
- Standard status
- Active
- APN
- 33-31-16-68904-000-0050
- Size
- 5,252 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8323.74
Utilities
- Cooling system
- Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1940
- Building materials
- Block
- Roof type
- Built-Up
- Architectural style
- Other
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 538-9200
1545 S Belcher Rd, Clearwater, FL
Listed by
Gary Parr · License #649244
(727) 644-4420
Added: Apr 15 Checked: Jul 18 at 3:06 pm
MLS# TB8494269
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Gulfport Arts District, this mixed-use building is near the waterfront, with its bars, restaurants, shops, and boutiques. The property is also located close to the Gulfport beach and pier. The building includes two one-bedroom, one-bath apartments and four individual workshop/studios. The property, which was never flooded, can be used for commercial or residential purposes. The surrounding businesses generate foot traffic throughout the year. The lot size is 0.23 acres and the property size is 5252 square feet.
Key Highlights
- Prime Gulfport Art's District location near waterfront bars, restaurants, shops, and boutiques.
- Mixed‑use building with two apartments and four workshop/studios.
- Commercial and/or residential use permitted.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.4k | $21.60 |
| − Vacancy | −$9.1k | −$1.73 |
| EGI | $104.4k | $19.87 |
| − OpEx | −$39.1k | −$7.45 |
| NOI | $65.2k | $12.42 |
5,252 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$931.9K
$815.4K – $1.09M
NOI $65,230 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$736.6K
$644.5K – $859.4K
NOI $51,562 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,626 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial, mixed-use building near waterfront with apartments and studios.
Where is this mixed-use property located?
The property is located at 5437 29TH AVENUE S Gulfport, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime Gulfport Art's District location near waterfront bars, restaurants, shops, and boutiques.; Mixed‑use building with two apartments and four workshop/studios.; Commercial and/or residential use permitted.
