20
See all 20 photos
$3,875,000
Est. payment /mo
11,908 SqFt
Price Dropped by $75K
1260 NW 29th St Miami, FL 33142
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UPDATED:
01/17/2025 08:44 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,908 sqft
Price per Sqft $325
MLS Listing ID A11649189
HOA Y/N No
Year Built 1953
Annual Tax Amount $25,660
Lot Size 0.387 Acres
Lot Dimensions 116
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.
Location
State FL
County Miami-dade
Area 31
Exterior
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-26-039-1880
Ownership Corporation
Security Features Window Bars
Listed by Gridline Properties
If you have been thinking about selling your home, or are looking to buy your dream home, Jenise welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.