STR Analysis Completed | NNN Restaurant Lease 2834 Beach Blvd 9,897 SF 100% Leased Retail Building Gulfport, FL 33707 $4,243,249 CAD ($428.74 CAD/SF)

NEW SHORT-TERM RENTAL ANALYSIS SHOWS SIGNIFICANT UPSIDE POTENTIAL – SELLER-COMMISSIONED STUDY REVEALS SUBSTANTIAL PGI INCREASE OPPORTUNITY FOR NEW OWNER
PRICE REDUCTION – This two-story, mixed-use building in the heart of Gulfport has recently become the new 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. Built at an elevation of 8 meters with hurricane-rated windows, the property offers enhanced resilience in Florida's coastal environment.
Beach Blvd S, with its vibrant and budding mix of restaurants, coffee shops, hotels, bakeries, and boutiques nestled among classic Florida bungalows, attracts both LOCALS and TOURISTS alike, especially from the new mix of international as well as local food options.
The iconic MOON UNDER WATER has just purchased the 5,000-square-foot ground-floor restaurant and signed a new NNN lease. The space features three new HVAC units and is undergoing a full renovation that will provide Gulfport with another outstanding dining and entertainment option.
Covering a total of 6,594 square feet, the ground floor includes two food & beverage spaces currently occupied by SumitrA Espresso Lounge and Moon Under Water. Upstairs, the second-floor spans 2,340 square feet and includes five 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. The STR analysis assumes the second floor would be modified to one studio, one 1 bedroom, and one 2 bedroom units for short-term rentals.
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.
SEIZE THIS OPPORTUNITY TO BE PART OF A WONDERFUL COMMUNITY AS IT REBUILDS AND THRIVES IN THE TAMPA BAY AREA!