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620 Union St
For Sale $950,000 ($263.89 per Sq Ft)
$950,000 ($263.89 per Sq Ft)
- Units
- 3,600 Sq Ft
- 8,398 Sq Ft
- Unknown Cap Rate
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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $950,000 |
| Property Type | Flex Space |
| Usable Sqft | 3,600 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1971 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 342815210600001080 |
| MLS # | TB8477471 |
| Property ID | 319885243 |
| Lot Sqft | 8,398 |
| Zoning | Unknown |
| Days on Market | 126 |
| Original List Price | $950,000 |
| Date Updated | March 10, 2026 |
| Date Created | February 17, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Tiffany Novitsky an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of March 10, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT