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620 Union Street, DUNEDIN, FL 34698
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620 Union Street
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Would you like to sell your home before you purchase this one?
Priced at Only: $950,000
For more Information Call:
Address: 620 Union Street, DUNEDIN, FL 34698
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  • MLS#: TB8477471 ( Commercial Sale )
  • Street Address: 620 Union Street
  • Viewed: 23
  • Price: $950,000
  • Price sqft: $247
  • Waterfront: No
  • Year Built: 1971
  • Bldg sqft: 3840
  • Days On Market: 61
  • Additional Information
  • Geolocation: 27.9976 / -82.783
  • County: PINELLAS
  • City: DUNEDIN
  • Zipcode: 34698
  • Subdivision: Dexter Park 1st Add
  • Provided by: LAUREN MICHAELS R.E. PARTNERS
  • Contact: Tiffany Novitsky
  • 727-298-8888
  • mfrmls
  • DMCA Notice
  • Description
    Leased light industrial investment with contractual 3% annual rent increases, providing stable income and long term upside in Dunedin's supply constrained industrial market. Positioned in one of Pinellas County's most supply constrained industrial submarkets, this 3,600 FT light industrial asset in Dunedin offers investors stable income today with built in growth and long term optionality. The property features a functional office/warehouse layout and is currently leased to an established tenant at $4,150/month with 3% annual increases, providing predictable income growth over the remaining lease term. The configuration also allows for potential division into two units, creating future flexibility for multi tenant leasing or partial owner user occupancy. At the current asking price of $950,000, the property offers an estimated 4.45% cap rate with contractual rent growth that increases forward yield over time, making it an attractive core plus industrial hold in a coastal Florida market where industrial inventory remains limited. Industrial assets in Dunedin and the greater Pinellas County market continue to experience strong demand and limited new supply, supporting long term tenant demand and value stability. This opportunity is well suited for: Investors seeking stable income with contractual rent increases. Buyers looking for long term industrial exposure in a high barrier coastal market. Owner users seeking future flexibility while collecting income. With durability tenancy, annual rent growth, and multiple future positioning strategies, this property represents a compelling opportunity to acquire a well located light industrial asset in a market where similar properties rarely become available.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 3600.00
  • Roof: Membrane
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Office Only
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Country: US
  • Legal Description: DEXTER PARK 1ST ADD LOT 108
  • Area Major: 34698 - Dunedin
  • Parcel Number: 34-28-15-21060-000-1080
  • Views: 23
Nearby Subdivisions
Courtyard Medicalprof   Dexter Park 1st Add   Dunedin Town Of   Hellers Sub   Jones Geo L Sub   Sunny View Sub   Whitmires W S  
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Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com