Two-Building Flex Property on Pinellas
701 49TH St S Gulfport, FL 33707
For Sale
$895,000
Unique flex property with high traffic and trail frontage.
Property Size4,924 SF
Lot Size0.31 Acres
Price / SF$181.76
Days on Market95
Property Features for 701 49TH St S
General Information
Standard status
Active
Size
4,924 SF
Lot size
0.31 Acres
Property subtype
Commercial
Building Details
Year Built
1969
Listing Agency:
Bridgewater Commercial Real Estate
(727) 641-5736
Listed By:
Dee Maret, Jr · License #3073218
(727) 641-5736
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 2:56AM
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 Bridgewater Commercial Real Estate
Investment Insights
Based on property information with market context.
This unique two-building flex property is located directly on the Pinellas Trail, with frontage on 49th Street South, the main north-south corridor into Gulfport, which sees approximately 22,000 vehicles per day. The site consists of two concrete block buildings, one with 3,460 square feet and the other with 1,464 square feet, totaling 4,924 square feet. A bonus storage shed also fronts the trail. The property is situated on a 0.31-acre lot with more than 10 parking spaces. The interior configuration includes multiple small rooms and studios, making it suitable for creative users, multi-tenant concepts, or owner-operators looking to generate multiple income streams. Zoned Commercial General, the property allows for a wide range of uses, including retail, office, personal services, restaurant, warehouse, trade shops, automotive and marine-related uses, and fitness, as well as many conditional uses. The outdoor areas provide functional space for pop-up markets, events, vendor stalls, or customer gathering, which pairs naturally with the heavy pedestrian and cyclist traffic along the Pinellas Trail. With an average of 160,000 trail users per month, this property functions as a destination site, offering visibility to vehicles, cyclists, pedestrians, and local residents. The property is adaptable for creative studios, retail, wellness, trades, or a potential hybrid live-work or market concept.
Key Highlights
- Direct frontage on the Pinellas Trail with approximately 160,000 users per month, offering exceptional visibility.
- High‑traffic location on 49th Street South with approximately 22,000 vehicles per day.
- Two‑building flex property totaling 4,924 SF on a 0.31‑acre lot with 10+ parking spaces.
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 | $128.2k | $26.04 |
| − Vacancy | −$26.3k | −$5.34 |
| EGI | $101.9k | $20.70 |
| − OpEx | −$25.5k | −$5.18 |
| NOI | $76.5k | $15.53 |
4,924 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$955.7K – $1.27M
NOI $76,452 @ 7.0% cap · market cap 8.54%
Second Best
Mixed Use
$873.7K
$764.5K – $1.02M
NOI $61,156 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,654 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique flex property with high traffic and trail frontage.
Where is this mixed-use property located?
The property is located at 701 49TH St S Gulfport, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Direct frontage on the Pinellas Trail with approximately 160,000 users per month, offering exceptional visibility.; High‑traffic location on 49th Street South with approximately 22,000 vehicles per day.; Two‑building flex property totaling 4,924 SF on a 0.31‑acre lot with 10+ parking spaces.
