Natalia Carey
REALTOR®
SQUARE FEET7,437
MLS#TB8500346
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONDUNEDIN CAUSEWAY CENTER
Property Description
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 Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central, Natural Gas
Lot Size: 0.36 Acres
Roof Type: Metal, Shingle
Stories: 2.0
Taxes: $22,535
Year Built: 1981
Feature Descriptions
Appliances: Dishwasher, Microwave, Refrigerator
Body of Water: GULF
Building: Bathrooms, Common Lighting, Extra Storage, Fencing, Furnished
Directions: Alt 19 North, West on Causeway
Energy Efficient: Doors, Energy Monitoring System, HVAC, Thermostat, Windows
Exterior: Block, HardiPlank Type, Frame
Flood Zone Code: AE
Flooring: Other, Tile
Foundation: Slab
Frontage ICW: 72
Home Warranty Y/N: No
Listing Terms: Cash
Lot: City Limits, Landscaped, Near Golf Course, Near Public Transit, Oversized Lot, Sidewalk, Paved
Lot Dimensions: 0.36
Other Structures: Garage(s), Other, Storage
Ownership: Fee Simple
Parking: Electric Vehicle Charging Station(s), Ground Level, RV Access/Parking
Parking Notes: Electric Vehicle Charging Station(s), Ground Level,
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Furniture/Fixtures, Leases
Security: Closed Circuit Camera(s), Secured Garage/Parking, Security Gate, Security Lights, Security System Owned, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, Locked Gate, See Remarks, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Units: 4
Utilities: Public, Water Connected
Vegetation: Trees/Landscaped
Water: Public
Water Access: Gulf/Ocean, Intracoastal Waterway
Water Access Y/N: Yes
Waterfront Features: Intracoastal Waterway, No Wake Zone, Sailboat Water, Seawall - Concrete
Water View: Intracoastal Waterway
Windows: ENERGY STAR Qualified Windows, Shades, Shutters, Storm Window(s), Window Treatments
Listed By / Shown By
Listed By
Agency Name: SMITH & ASSOCIATES REAL ESTATE
Agency Contact: 727-282-1788
Shown By
Agent Name: Natalia Carey
Agent Phone: (813) 324-2440
Agency Title: Florida Executive Realty
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439 Causeway Boulevard | MLS# TB8500346
This commercial property located at 439 Causeway Boulevard , Dunedin, FL 34698 is currently listed for sale with an asking price of $3,750,000. Search Dunedin real estate on ncarey.floridaexecutiverealty.com today.