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1260 NW 29th St, Miami FL 33142

Commercial For Sale
$3,950,000

BTC: 49.77945810

ETH: 1,230.87470007

73 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Eceptional NNN lease opportunity in the vibrant Allapattah neighborhood (33142). The property includes two contiguous properties on two separate folios - 1260 and 1270 NW 29th Street - totaling 11,908 square feet on 16,845 square feet of land. Both properties recently underwent, extensive renovations and are under lease with a roster of stable, handpicked tenants supported by high-quality NNN lease agreements. Both properties occupy 116 feet of linear street-front exposure. providing multiple access and egress points. Zoned D1, this well-maintained property offers an attractive location within a rapidly growing area. Note: Current cap rate at asking price is 5.75. With the future rental of the 1,537 SF vacant space this property will perform at well above a 6% return.

Location

Florida • Miami • 33142 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
Shared Parking
Year Built:
1953
Lot:
16845 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Parking

    • Shared Parking

    Lot

    • Lot: 16845 Square Feet

    Other Property Information

    • Parcel Number: 01-31-26-039-1880

    • Zoning: 7000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Other financial information

    • Annual tax amount: $25,660

  • Source details

    • MLS ID: A11649189

    Other facts

    • Lot Features: Central Business District / City Location

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Gridline Properties