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Gina Tate PA

ginataterealtor@gmail.com +1(727) 487-1195

$ 950,000

Est. payment | -/mo

3,600 SqFt

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$ 950,000

Est. payment | -/mo

Save Virtual Tour

3,600 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $263

Subdivision Dexter Park 1St Add

MLS Listing ID TB8477471

HOA Y/N No

Year Built 1971

Annual Tax Amount $10,825

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 70x120

Property Sub-Type Mixed Use

Source Stellar MLS

Property 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.

Location

State FL

County Pinellas

Community Dexter Park 1St Add

Area 34698 - Dunedin

Interior

Cooling Office Only

Exterior

Utilities Available Public

Roof Type Membrane

Building

Story 1

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Metal Frame,Metal Siding

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8477471

Listed by Tiffany Novitsky LAUREN MICHAELS R.E. PARTNERS

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+1(727) 487-1195

ginataterealtor@gmail.com

620 UNION ST Dunedin, FL 34698

Gina Tate PA

Key Details

Location

Interior

Exterior

Building

Others

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620 UNION ST