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Two-Building Flex Property on Pinellas Trail

701 49TH St S, Gulfport, FL 33707

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For Sale

$895,000

Unique flex property with high traffic and trail frontage.

Type:Commercial

Property size:

4,924 SF

Lot size:

0.31 Acres

Price / SF:

$181/SF

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.
Zoned Commercial General, allowing for a wide range of uses.
Suitable for creative users, multi‑tenant concepts, or owner‑operators.
Functional outdoor space ideal for pop‑up markets, events, or vendor stalls.

We can help!

Listing Contact

Dee Maret, Jr

Learn more

For Sale

$895,000

Unique flex property with high traffic and trail frontage.

Type:Commercial

Property size:

4,924 SF

Lot size:

0.31 Acres

Price / SF:

$181/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 6:00 pm

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

We can help!

Listing Contact

Dee Maret, Jr

Listing agent Dee Maret, Jr License #3073218

Listing office Bridgewater Commercial Real Estate

Listing date Apr 24, 2026

Source Elliman

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

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.
Zoned Commercial General, allowing for a wide range of uses.
Suitable for creative users, multi‑tenant concepts, or owner‑operators.
Functional outdoor space ideal for pop‑up markets, events, or vendor stalls.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $76,452 @ 7.0% cap · market cap 8.54%

Second Best

Mixed Use

$873.7K

$764.5K – $1.02M (±1% cap)

NOI $61,156 @ 7.0% cap · market cap 6.83%

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,654 @ 7.0% cap · market cap 10.02%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Creative space

Suggested Use

Location Insight

Map
Local Demand

City: Gulfport
County: Pinellas
State: Florida
Longitude: -82.6995906
Latitude: 27.7792236

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For sale
Mixed-use properties
FL
Gulfport
33707
701 49TH St S

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.