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1626 49th St S 4,848 SF 100% Leased Retail Building Gulfport, FL 33707 $1,535,512 CAD ($316.73 CAD/SF) 10.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime 5 or More Multi-Use Income Generating Property in Gulfport and Saint Petersburg.
- Corner lot near public transportation route
- Near vibrant waterfront areas of Gulfport and Saint Petersburg
EXECUTIVE SUMMARY
Prime Multi-Use Income Generating Property in Gulfport and Saint Petersburg. Seize the opportunity to acquire an exceptional multi-use income-generating property near the vibrant waterfront areas of Gulfport and Saint Petersburg. Surrounded by a plethora of distinguished bars, restaurants, shops, and boutiques, this property offers immense potential for both commercial and residential use. Situated in the bustling Childs Park neighborhood of Saint Petersburg, this two-story building boasts approximately 4,848 square feet of versatile floor space on a spacious 14,586 square foot lot. Built in 1985, the property includes two spacious three-bedroom, two-bath apartments and four individual units that can be tailored for various uses, such as insurance offices, tattoo shops, parlors, therapist offices, or an ice coin machine. With eight bathrooms and parking for up to 25 cars, the property is designed to accommodate high traffic and multiple tenants. The location is unbeatable, with close proximity to the stunning Gulfport and Saint Pete beaches and pier, attracting a steady stream of visitors year-round. The surrounding businesses generate significant foot traffic, making this property an ideal investment with promising long-term returns.
DATA ROOM Click Here to Access
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$176,498
|
$36.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,498
|
$36.41
|
| Taxes |
$9,153
|
$1.89
|
| Operating Expenses |
$2,511
|
$0.52
|
| Total Expenses |
$11,664
|
$2.41
|
| Net Operating Income |
$164,835
|
$34.00
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,498 |
| Annual Per SF | $36.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $176,498 |
| Annual Per SF | $36.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,153 |
| Annual Per SF | $1.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,511 |
| Annual Per SF | $0.52 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,664 |
| Annual Per SF | $2.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $164,835 |
| Annual Per SF | $34.00 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,848 SF
Building Class
C
Year Built
1985
Price
$1,535,512 CAD
Price Per SF
$316.73 CAD
Cap Rate
10.22%
NOI
$156,957 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
CCS-1 - The Corridor Commercial Suburban-1 (CCS-1) zoning district in St. Petersburg, Florida allows mixed-use development with residential units.
Parking
25 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
97’ on 49th St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Empowering Shop Talk Inc
- Public Administration
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Empowering Shop Talk Inc | Public Administration | - | - | - |
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-31-16-02106-002-0250 | Total Assessment | $585,191 CAD |
| Land Assessment | $252,481 CAD | Annual Taxes | $9,153 CAD ($1.89 CAD/SF) |
| Improvements Assessment | $332,710 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
28-31-16-02106-002-0250
Land Assessment
$252,481 CAD
Improvements Assessment
$332,710 CAD
Total Assessment
$585,191 CAD
Annual Taxes
$9,153 CAD ($1.89 CAD/SF)
Tax Year
2024
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1626 49th St S
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