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719 NW 29th St, Miami FL 33127

Commercial For Sale
$1,715,000

BTC: 27.93159609

ETH: 982.24513173

103 days
0 room(s)

Overview

Gridline Properties is pleased to present the exclusive offering of a free-standing, industrial/mixed-use building located at the gateway of Wynwood and Allapattah. The property was renovated in 2024 and is strategically positioned within one of the city’s most active urban growth corridors, benefiting from strong demand fundamentals and accelerating redevelopment momentum. The asset is 100% occupied by a single tenant, a well-established music studio and recording business, operating under a long-term lease with annual rental increases, providing stable in-place cash flow. The offering is an attractive opportunity for investors seeking dependable income today while maintaining exposure to one of South Florida’s most active corridors. Zoned industrial with the ability to develop up to eight (8) stories and potential eligibility under the Live Local program, the property oers compelling long-term redevelopment optionality. This investment is well suited for buyers seeking a combination of current yield, durable tenancy, and embedded value creation potential in one of Miami’s most dynamic infill submarkets.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1957
Lot:
5873 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,229,500
$1.1M – $3.4M
Confidence Low
List vs. estimate
$514K below estimate
List $1,715,000 · -23.1%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $6.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Lot

    • Lot: 5873 Square Feet

    Other Property Information

    • Parcel Number: 01-31-26-009-0390

    • Zoning: 7000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Flex Space

  • Source details

    • MLS ID: A11970715

Private inquiry
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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 ©2026-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