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Price Reduction! | NNN Restaurant Lease 2834 Beach Blvd 9,897 SF 60% Leased Retail Building Gulfport, FL 33707 $4,325,120 CAD ($437.01 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • PRICE REDUCTION!
  • Improved NOI with the new NNN lease
  • Prime location in the vibrant Tampa Bay area just blocks from the beach
  • MOON UNDER WATER JUST SIGNED A NEW NNN LEASE!!
  • Mixed Use (MU) zoning in the Waterfront District for various business uses
  • SHORT-TERM RENTAL PERMITTED IN THE ZONE

EXECUTIVE SUMMARY

PRICE REDUCTION - AT AN ELEVATION OF 8 METERS AND FEATURING HURRICANE-RATED WINDOWS, THIS TWO-STORY, MIXED-USE BUILDING HAS JUST BECOME THE HOME OF MOON UNDER WATER, a St Pete classic. This makes it an ideal LONG-TERM INVESTMENT for an OWNER-USER or INVESTOR eager to unlock the potential of one of Tampa Bay’s hidden gems. Beach Blvd S, with its vibrant mix of restaurants, coffee shops, hotels, bakeries, and boutiques nestled among classic Florida bungalows, attracts both LOCALS and TOURISTS alike.
The iconic MOON UNDER WATER has just purchased the 5,000-square-foot ground-floor restaurant and signed a new NNN lease. The space will have three new HVAC units, will undergo a full renovation and will provide Gulfport with another outstanding dining and entertainment option.
Covering a total of 6,594 square feet, the ground floor includes two retail and food & beverage spaces currently occupied by a coffee shop and Moon Under Water. Upstairs, the second-floor spans 2,340 square feet and includes four individual executive offices, each with updated finishes and ample natural light. Access to the second floor is through the coffee shop, providing the option for a single tenant to lease both the coffee shop and office spaces, creating a seamless, contiguous space.
Situated in the Mixed Use (MU) zone, this building accommodates a wide range of uses, such as SHORT-TERM RENTALS, retail, personal or business services, restaurants, professional offices (including TECHNOLOGY, LAW, DESIGN, ARCHITECTURE, COLLABORATIVE WORK CONCEPTS, AND SHARED WORKSPACES), as well as galleries or art studios. ADDITIONALLY, ALL STREET PARKING IS FREE WITH NO TIME RESTRICTIONS.
This charming neighborhood is home to approximately 12,000 residents and serves as a lively destination for tourists, offering a range of recreational activities and events typical of Pinellas County. Nearby attractions include Beach Boulevard, Gulfport Municipal Beach, the Walter and Bert Williams Fishing Pier, Clam Bayou Nature Park, and the Gulfport Tuesday Fresh Market, ensuring there’s always something to see and do.
GULFPORT IS STEADILY RECOVERING FROM THE 2024 STORMS. SEIZE THIS OPPORTUNITY TO BE PART OF A WONDERFUL COMMUNITY AS IT REBUILDS AND THRIVES IN THE TAMPA BAY AREA! space.
Situated in the Mixed Use (MU) zone, this building accommodates a wide range of uses, such as SHORT-TERM RENTALS, retail, personal or business services, restaurants, professional offices (including TECHNOLOGY, LAW, DESIGN, ARCHITECTURE, COLLABORATIVE WORK CONCEPTS, AND SHARED WORKSPACES), as well as galleries or art studios. ADDITIONALLY, ALL STREET PARKING IS FREE WITH NO TIME RESTRICTIONS.
The Moon Under Water group recently acquired the 5,000± SF ground-floor restaurant space and has signed a net lease. They have invested in three new HVAC units along and are performing extensive interior upgrades. The space will soon debut as a vibrant sit-down restaurant and bar, further enhancing Gulfport’s eclectic waterfront dining and night scene.
This charming neighborhood is home to approximately 12,000 residents and serves as a lively destination for tourists, offering a range of recreational activities and events typical of Pinellas County. Nearby attractions include Beach Boulevard, Gulfport Municipal Beach, the Walter and Bert Williams Fishing Pier, Clam Bayou Nature Park, and the Gulfport Tuesday Fresh Market, ensuring there’s always something to see and do.
GULFPORT IS POISED FOR A FASTER RECOVERY THAN OTHER WATERSIDE CITIES IN PINELLAS COUNTY. SEIZE THIS OPPORTUNITY TO BE PART OF A WONDERFUL COMMUNITY AS IT REBUILDS AND THRIVES IN THE TAMPA BAY AREA!

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,897 SF
Building Class
C
Year Built/Renovated
1926/2015
Price
$4,325,120 CAD
Price Per SF
$437.01 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.20 AC
Zoning
NT-1 - COMMERCIAL - MIXED USE
Parking
9 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
135’ on 29th

AMENITIES

  • 24 Hour Access
  • Signage
  • Air Conditioning
Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
33-31-16-68904-000-0010
Land Assessment
$917,034 CAD
Improvements Assessment
$867,881 CAD
Total Assessment
$1,784,915 CAD
  • Listing ID: 31467869

  • Date on Market: 2024-04-10

  • Last Updated:

  • Address: 2834 Beach Blvd, Gulfport, FL 33707

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