1022 Main StDunedin, FL 34698

Property Details for 1022 Main St

Year built

1986

Construction

WOOD FRAME

Property size (Sq ft)

1,663 SF

Property type

Office properties

APN

26-28-15-38263-000-0050

APU

262815382630000050

Description

This exceptional two-story office building, located at 1022 Main Street Unit A&B in Dunedin, Florida, presents a lucrative investment opportunity. Spanning 5,987 square feet on a 1.72-acre lot within a well-maintained business park, this property boasts a prime location. The building has undergone a beautiful remodel, creating a welcoming and functional workspace. The ground floor features a spacious reception area, nine individual offices, a full bathroom with shower, two additional bathrooms, and a convenient eat-in kitchenette. Upstairs, you'll find three more office spaces, another reception area, and two full bathrooms with showers, along with a second kitchenette. The building's current configuration includes short-term leases for a significant portion of the space, offering immediate income potential. The upper floor is particularly well-suited for a single tenant seeking a large, private office environment. The property's size, location, and recent renovations make it an ideal investment for those seeking a strong return or a new home for their business. The asking price is $1,100,000. This is a rare opportunity to acquire a high-quality office building in a desirable Dunedin location.

• CAP approach

  CAP return

  Valuation

  6%

  $377,875

  6.5%

  $348,808

  7%

  $323,893

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,396

  Geo Method

  $183,396

• Alternative Use

  Use

  Valuation

  Residential

  $432,522

  Hospitality

  $396,188

  Educational

  $329,623

  Medical

  $340,960

  Retail

  $512,748

Location Insight

City

Dunedin

County

Pinellas

State

Florida

Latitude

28.0186

Longitude

-82.777

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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