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Prime Dunedin Redevelopment & Investment Opportunity - Rare opportunity to acquire a highly visible ±0. 50-acre (21, 714 SF) corner parcel located at the signalized intersection of Bayshore Boulevard and Palm Boulevard in Dunedin, Florida. Positioned directly adjacent to the Pinellas Trail and approximately midway between Downtown Dunedin and the Dunedin Causeway, this exceptional property offers outstanding exposure, accessibility, and redevelopment potential.
The site includes a 3, 051-square-foot single-story office building with 3-bathrooms that sustained flood damage during Hurricane Helene. While the existing structure may be renovated for immediate occupancy or income-generating use, the property's greatest value lies in its redevelopment potential and flexible development opportunities.
The parcel is zoned Neighborhood Business (NB) and designated Retail & Services Limited (R&SL), allowing a variety of uses without requiring zoning or land-use changes. Potential uses include:
• Multi-family residential
• Assisted living facilities
• Bed & breakfast accommodations
• Retail establishments
• Live-work units
• Financial institutions
• Professional and medical offices
Adding to its appeal, the property sits alongside the Pinellas Trail, which attracts approximately 70, 000 users per month, and enjoys exposure to Bayshore Boulevard (Alternate US-19), with traffic counts averaging approximately 20, 200 vehicles per day.
Nearby amenities include Stirling Park and its golf driving range directly across Palm Boulevard, while the Dunedin Golf & Country Club is located just one-quarter mile away. The property's proximity to Downtown Dunedin, Honeymoon Island, Caladesi Island State Park, recreational amenities, and major transportation corridors makes it an outstanding investment and redevelopment opportunity.
Schedule your private showing today and explore the possibilities this premier Dunedin location has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $542 | $542 | $542 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,593 | $3,743 | $4,942 |
| Total Monthly Payment | $4,227 | $4,377 | $5,576 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.