Property 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.

Features
: 10
: Central Business District, City Location
: Shared Parking
: Security Grill Work
: Public Sanitation
Address Map
FL
Miami-Dade County
Miami
33142
1260 NW 29th St
0
W81° 46' 59.9''
N25° 48' 10.5''
MLS Addon
209
: Building & Land
: 1 To 3 Year Lease, 4 To 6 Year Lease
: Sale
: Free Standing
$25,660
: Public
7000

Commercial Sale For Sale

1260 NW 29th St, Miami, Florida 33142

16,845 Sqft
$3,875,000
Listing ID #A11649189
Basic Details
Property Type : Commercial Sale
Property SubType : Mixed Use
Listing Type : For Sale
Listing ID : A11649189
Price : $3,875,000
Year Built : 1953
Lot Area : 16,845 Sqft
Building Area : 11,908 Sqft
Status : Active
Agent info
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