Freestanding Flex Building with
5983 49TH STREET N St Petersburg, FL 33709
New
5983 49TH STREET N, St Petersburg, FL, 33709
$1,975,000
For Sale
$1,975,000
Concrete block, fully air-conditioned building with wide-open gym layout, rear roll-up doors, and over 200 feet of frontage on a corner lot.
Property Size10,621 SF
Price / SF$185.95
Days on Market6
Property Features for 5983 49TH STREET N
General Information
- Standard status
- Active
- Size
- 10,621 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agency
BAY STREET COMMERCIAL LLC
(813) 254-6756
Listed by
Michael Braccia, PA · License #3033512
Source
Miharaandassociates
Added: Jul 17 Updated: Jul 21 at 6:29AM Checked: Jul 21 at 6:29AM
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 BAY STREET COMMERCIAL LLC
Investment Insights
Based on property information with market context.
This freestanding 10,621 SF building is built with concrete block and metal and is fully air conditioned. The interior is configured in a wide-open gym format, with a few partitioned offices located at the entrance. The rear of the building includes large roll-up doors, and the entrance area supports flexible use.
The property sits on a corner lot of approximately 0.55 acre (23,832 SF) zoned Commercial Neighborhood (CN) and provides over 200 feet of frontage along busy 49th St North. A large pylon sign is located on-site, and the property is directly across from Northside Hospital. Access is available from two roads.
Traffic is reported at 30,500 VPD, and the site currently operates as Pack Animal Fitness, which has been on-site for more than 7 years. The property has also previously been used for medical offices.
The property sits on a corner lot of approximately 0.55 acre (23,832 SF) zoned Commercial Neighborhood (CN) and provides over 200 feet of frontage along busy 49th St North. A large pylon sign is located on-site, and the property is directly across from Northside Hospital. Access is available from two roads.
Traffic is reported at 30,500 VPD, and the site currently operates as Pack Animal Fitness, which has been on-site for more than 7 years. The property has also previously been used for medical offices.
Key Highlights
- 10,621 SF freestanding concrete block and metal building on a .55‑acre CN corner lot with over 200 ft of frontage on 49th St N
- Busy retail/commercial positioning: 30,500 VPD traffic count and located directly across from Northside Hospital
- Fully air‑conditioned interior with a wide‑open gym format and a few partitioned offices near the entrance
Local Financial Insights For Office B
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 | $276.6k | $26.04 |
| − Vacancy | −$56.7k | −$5.34 |
| EGI | $219.9k | $20.70 |
| − OpEx | −$55.0k | −$5.18 |
| NOI | $164.9k | $15.53 |
10,621 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $164,905 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,382 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- Fabi Elite Fitness — 5985 49th St N Suite 120, St. Petersburg, FL 33709
- New Beeginnings — 4443 54th Ave N, St. Petersburg, FL 33714
- Pack Animal Fitness & Cold Plunge — 5985 49th St N, St. Petersburg, FL 33709
- Big Game Athletics — 4000 54th Ave N #1, St. Petersburg, FL 33714
- Uplift Wellness Center — 5985 49th St N, St. Petersburg, FL 33709
FAQs
What type of property is this?
Fitness center & gym - Concrete block, fully air-conditioned building with wide-open gym layout, rear roll-up doors, and over 200 feet of frontage on a corner lot.
Where is this fitness center & gym located?
The property is located at 5983 49TH STREET N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 10,621 SF freestanding concrete block and metal building on a .55‑acre CN corner lot with over 200 ft of frontage on 49th St N; Busy retail/commercial positioning: 30,500 VPD traffic count and located directly across from Northside Hospital; Fully air‑conditioned interior with a wide‑open gym format and a few partitioned offices near the entrance
