Bay-Front Retail
For Sale
Contact for pricing
5005 Gulf Boulevard, St Pete Beach, FL 33706
Single-story retail building with direct bay-side frontage and recent roof and HVAC improvements.
Property Size1,596 SF
Lot Size0.23 Acres
Price / SF$814.54
Days on Market61
Property Features for 5005 Gulf Boulevard
General Information
Standard status
Active
Size
1,596 SF
Total Parking Spaces
16
Lot size
0.23 Acres
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$65,816
Building Details
Year Built
1971
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Yellowtail Realty Advisors LLC
Listed By:
Georgia Watson · License #FL BK3264151
(813) 453-6616
Source:
Crexi
Added: Jul 9
Changed: Aug 13
Last Checked: Sep 7 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Yellowtail Realty Advisors LLC
Investment Insights
Based on property information with market context.
5005 Gulf Boulevard is a 1,596 SF, single-story retail building situated on 0.23 acres with direct bay-side frontage along Boca Ciega Bay. The property was originally constructed in 1971 and has undergone multiple renovations. A new roof was installed in 2018, and a brand-new HVAC system was installed in May 2026 with a 5-year parts warranty and a 2-year labor warranty.
The building is currently occupied by Dollar Car Rental, which has operated at the location continuously since 1991. The property is leased under a Modified Gross structure (8th Amendment). The tenant is currently in the 3rd year of its final option term, which commenced March 1, 2024.
An independent appraisal completed in 2024 valued the property at $1,000,000. The Modified Gross structure is designed to be compared to a possible future restructure to Triple Net (NNN) upon renewal or with a new tenant, which would shift property insurance, flood insurance, all property taxes, and capital improvement responsibilities to the tenant.
The building is currently occupied by Dollar Car Rental, which has operated at the location continuously since 1991. The property is leased under a Modified Gross structure (8th Amendment). The tenant is currently in the 3rd year of its final option term, which commenced March 1, 2024.
An independent appraisal completed in 2024 valued the property at $1,000,000. The Modified Gross structure is designed to be compared to a possible future restructure to Triple Net (NNN) upon renewal or with a new tenant, which would shift property insurance, flood insurance, all property taxes, and capital improvement responsibilities to the tenant.
Key Highlights
- 1,596 SF single‑story bay‑front commercial building on 0.23 acres with direct bay‑side frontage on Gulf Boulevard (State Road 699)
- Built in 1971; multiple renovations reported, and the property is described as being in excellent physical condition
- New roof installed in 2018
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 37%
Shops & Services 22%
Electronics 1%
Publix
Groceries
26,606 visits/mo
0.2 miles
Chick-fil-A
Dining
23,975 visits/mo
0.3 miles
Shell
Shops & Services
11,203 visits/mo
0.3 miles
Hacienda Mexican Restaurant
Dining
3,418 visits/mo
0.5 miles
Dollar Tree
Shops & Services
2,425 visits/mo
0.3 miles
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-story retail building with direct bay-side frontage and recent roof and HVAC improvements.
Where is this retail space located?
The property is located at 5005 Gulf Boulevard St Pete Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1,596 SF single‑story bay‑front commercial building on 0.23 acres with direct bay‑side frontage on Gulf Boulevard (State Road 699); Built in 1971; multiple renovations reported, and the property is described as being in excellent physical condition; New roof installed in 2018
