Commercial Sale · Mixed Use
620 UNION STREET, DUNEDIN, FL, 34698
Active167 days on marketListed Feb 17, 2026MLS #TB8477471
About this property
The property at a glance
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.
3,840
Building sq ft
$247
Price / sq ft
0.19
Lot acres
1971
Year built
1
Building
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$5,334/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kevin to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
37,817
Population
$67,323
Median income
58.1
Median age
2.04
Avg household
$335,800
Median home value
$1,571/mo
Median rent
2,412
Households w/ kids
Recent sales
What actually sold near 620 UNION STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$370,000
1221 COURT STREET
2,967 sqft · $125/sqft · Sold Apr 10, 2026
$960,000
1155 NE CLEVELAND STREET
4,441 sqft · $216/sqft · Sold Dec 16, 2024
$625,000
300 S SATURN AVENUE
2,740 sqft · $228/sqft · Sold Dec 17, 2025
Your team
The pros in your corner
Your agent
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, offers, and every question about 620 UNION STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 620 UNION STREET.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked.
Listing courtesy of LAUREN MICHAELS R.E. PARTNERS · Tiffany Novitsky. MLS #TB8477471.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New DUNEDIN listings, in your inbox
A daily digest of every new listing in DUNEDIN — straight from the MLS, hours after it goes live. Unsubscribe anytime.