About 639 Michigan Boulevard 1500
Amazing opportunity to own a licensed 8-bed Assisted Living Facility (ALF) in the heart of Dunedin, with a variance approved for up to 14 beds. This newly updated facility is being positioned as an APD (Agency for Persons with Disabilities) group home or day school model, offering low overhead and strong income potential. The property features 6 private bedrooms, each with its own full bathroom, a fully remodeled kitchen, updated flooring, accessible bathrooms, and ample on-site parking. The building meets current county codes and ALF/APD standards. Projected income is approximately $6,000 per bed/month. Patients are eligible for a $700/month food allowance, and the county provides transportation for residents to attend school (until 5pm on weekdays and 2pm on weekends), minimizing staffing needs. Staffing is only required between approximately 7am–7pm. Seller financing available with favorable terms. Sale is contingent upon seller stabilizing occupancy with 8 residents and providing financials upon stabilization. Minutes from downtown Dunedin and Honeymoon Island Beach. Perfect for investors or operators seeking a turnkey income-producing facility in one of Dunedin’s most desirable areas.
Features of 639 Michigan Boulevard 1500
| MLS® # | TB8415473 |
|---|---|
| Price | $2,200,000 |
| Square Footage | 2,336 |
| Acres | 0.06 |
| Year Built | 1956 |
| Type | Business Opportunity |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 639 Michigan Boulevard 1500 |
|---|---|
| Area | Dunedin |
| Subdivision | HEATHERWOOD PLACE |
| City | DUNEDIN |
| County | Pinellas |
| State | FL |
| Zip Code | 34698 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Dishwasher, Microwave, Refrigerator |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Foundation | Slab |
|---|
Additional Information
| Date Listed | August 7th, 2025 |
|---|---|
| Days on Market | 58 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | MCBRIDE KELLY & ASSOCIATES |
|---|