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For Sale

1260 29th St, Miami, Florida 33142

$3,875,000
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.
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Details

    • Property Type: Commercial
    • Property SubType: Mixed Use
    • Listing Type: For Sale
    • Listing ID: A11649189
    • Price: $3,875,000
    • View: Intercoastal,ocean,pool
    • Bedrooms: 0
    • Bathrooms: 0
    • Half Bathrooms: 0
    • Square Footage: 0 Sqft
    • Year Built: 1953
    • Status: Active
    • Original Property Type: Commercial Sale

Features

    • Parking : Common

Location

    • Country US
    • State FL
    • County Miami-Dade
    • City Miami
    • Zipcode 33142
    • Neighborhood: Miami
    • Street: 29th St
    • Street Number: 1260
    • Floor Number: 0
    • Longitude: W81° 47' 0.1''
    • Latitude: N25° 48' 12.6''

Additional Info

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