USAFLDunedinDexter Park 1St Add620 Union St
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620 Union St, Dunedin, FL

House

For Sale

Listed price in listed location currency (USD).
$950,000

000

MLS® TB8477471

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 3600 sqft
Garage 
Taxes $10,825
Days Active 61
Lot Size 
Approx. Age 1971
Avg. Price Per Sqft $263
MLS® Number TB8477471

Property Address: 620 Union St, Dunedin, FL, 34698-8425

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberTB8477471
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1971
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 17, 2026List Date
$950,000List Price
  • Commute

Commute

Starting Address
Destination Address
620 Union St, Dunedin, FL

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