1260 NW 29th St, Miami, Florida 33142
MLS#: A11649189
$3,875,000 USD
Listed By Gridline Properties
The Commercial Property for Sale located at Miami, Florida 33142 is currently for sale. Miami, Florida 33142 is listed for $3,875,000. This property has Total Parking features. If the property located at Miami, Florida 33142 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in Miami .
Date Updated : Jan 17, 2025
Property features
Key features
- Total Parking
Construction details
- Year built: 1953
Description
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
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.