439 CAUSEWAY BLVD, DUNEDIN, FL, 34698
$3,750,000
Commercial Sale
|
Living Area
6,437 Sqft
|
Lot Size
16,021 Sqft
|
Investor developer opportunity positioned along the highly coveted Dunedin Causeway. 439 Causeway presents a rare, INCOME-PRODUCING waterfront assemblage with exceptional upside. Zoned FX-M, this property allows multifamily development of UP TO 10 UNITS, making it a strategic acquisition for investors, developers, or boutique hospitality operators seeking scale in one of Tampa Bay’s most supply-constrained coastal corridors. Currently configured with two income-producing units plus a main residence, the property generates immediate cash flow while preserving long-term redevelopment potential. The site features durable CONCRETE BLOCK CONSTRUCTION on slab, with exterior paint and STUCCO REFRESHED in 2022 that add strong curb appeal. Each structure benefits from IMPACT-RATED WINDOWS and DOORS (2015), three HVAC SYSTEMS (2015), and SEPARATE ELECTRIC METERS for operational flexibility. Unit 439 has been thoughtfully renovated as a 2-bedroom, 2-bath residence with a MODERNIZED KITCHEN (2020), in-unit washer and dryer, and additional upgrades including NEW BASEBOARDS and TILE. Unit 437 mirrors the desirable 2-bedroom, 2-bath layout, featuring a 2023 KITCHEN REMODEL, EPOXY FLOORING, and in-unit laundry, suitable for both short-and long-term leasing. Unit 438 functions as a versatile 1-bedroom, 1-bath space ideal for office, gym, or ancillary rental use, with plumbing in place for washer/dryer installation. The exterior infrastructure is equally compelling, offering SIX DEDICATED PARKING SPACES along with a FULLY EQUIPPED RV HOOKUP including 50 AMP service, sewer, and water—an uncommon amenity that expands rental versatility. A PRIVATE POOL AND SPA elevate the lifestyle component, while DIRECT WATER ACCESS enhances both recreational appeal and future value positioning. Located just minutes from Downtown Dunedin, the property benefits from walkability to dining, retail, marinas, and the Pinellas Trail. The area is GOLF CART FRIENDLY and sits adjacent to the TD Hotel, home of Toronto Blue Jays SPRING TRAINING, which drives seasonal demand and premium rental rates. With FLEXIBLE ZONING, strong in-place income, and irreplaceable waterfront positioning, 439 Causeway represents a compelling blend of yield and development potential in one of Florida’s most desirable coastal submarkets.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8500346 | Year Built: | 1981 | |
| Appliances: | Dishwasher, Microwave, Refrigerator | Building Features: | Bathrooms, Common Lighting, Extra Storage, Fencing, Furnished | |
| Construction Materials: | Block, HardiPlank Type, Frame | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Direction Faces: | Southwest | Electric: | Other | |
| Flooring: | Other, Tile | Foundation Details: | Slab | |
| Green Energy Efficient: | Doors, Energy Monitoring System, HVAC, Thermostat, Windows | Green Indoor Air Quality: | Moisture Control | |
| Green Water Conservation: | Irrig. System-Drip/Microheads | Heating: | Central, Natural Gas | |
| Income Includes: | Rent Only | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash | |
| Lot Features: | City Limits, Landscaped, Near Golf Course, Near Public Transit, Oversized Lot, Sidewalk, Paved | Occupant Type: | Owner | |
| Other Structures: | Garage(s), Other, Storage | Parking Features: | Electric Vehicle Charging Station(s), Ground Level, RV Access/Parking | |
| Property Condition: | Completed | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | Business District | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Paved | |
| Roof: | Metal, Shingle | Security Features: | Closed Circuit Camera(s), Secured Garage/Parking, Security Gate, Security Lights, Security System Owned, Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, Locked Gate, See Remarks, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Public, Water Connected | |
| Vegetation: | Trees/Landscaped | Water Source: | Public | |
| Waterfront Features: | Intracoastal Waterway | Window Features: | ENERGY STAR Qualified Windows, Shades, Shutters, Storm Window(s), Window Treatments | |
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