620 UNION STREET, Dunedin, FL, 34698
1971
3,600 sqft
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.
Status:
Active
Type:
Commercial
Complex:
DEXTER PARK 1ST ADD
Cooling:
A/C - Office Only
Levels:
1
Lot Size:
70 x 120
Acreage:
0.19
Est. Taxes:
$10,825
Construction
Metal Frame, Metal Siding
Utilities
Public
Days on Market:
21
MLS #:
TB8477471
Community Info
School Info
Walk Score
Yelp
Listing courtesy of LAUREN MICHAELS R.E. PARTNERS 727-298-8888