Under contract-accepting backup offers. 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