Ad #7825354
MLS #TB8477471
Leased light industrial investment with contractual 3% annual
620 UNION ST, Dunedin, Florida, 34698
$950,000
0Beds
0Baths
3,600Sqft
0.190Acres
About this property
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.
Property Features
0 Beds
0 Baths
3,600 Sqft
Built in 1971
0.190 Acres
Siding: Frame, Metal Siding
Membrane Roof
$10,825 / yr property tax
Pinellas County
DEXTER PARK 1ST ADD Community
Additional Photos
Contact Information
Tiffany Novitsky
Lauren Michaels Real Estate Partners
323-804-5043
Location
Listing Agent: Tiffany Novitsky (License #: 3405611) 323-804-5043
Broker: Lauren Michaels Real Estate Partners 727-298-8888 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Lauren Michaels Real Estate Partners 727-298-8888 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 20, 2026
Photo Gallery
$950,000
0
Beds
0
Baths
3,600
Sqft
620 UNION ST, Dunedin, Florida, 34698
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8477471
Leased light industrial investment with contractual 3% annual
$950,000
620 UNION ST, Dunedin, Florida, 34698
0
Beds
0
Baths
3,600
Sqft
0.190
Acres
$950,000
620 UNION ST, Dunedin, Florida, 34698
0 Beds
0 Baths
3,600 Sqft
0.190 Acres
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.
25 days
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Property Details
HOME DETAILS
0 Beds
0 Baths
3,600 Sqft
Built in 1971
0.190 Acres
EXTERIOR
Siding: Frame, Metal Siding
Membrane Roof
FINANCIAL & COMMUNITY
$10,825 / yr property tax
Pinellas County
DEXTER PARK 1ST ADD Community
See More Details
Location
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Ad Statistics
Ad Number
7825354
Viewed
27 times
Listing Status
Active
Added
Jun 24, 2026
Last Refresh
Jul 19, 2026 11:29:25 PM
Listing Information
Data Source
Stellar MLS
Source Property ID
TB8477471
Listing Agent: Tiffany Novitsky (License #: 3405611) 323-804-5043
Broker: Lauren Michaels Real Estate Partners 727-298-8888 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Lauren Michaels Real Estate Partners 727-298-8888 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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