Price Reduced 1.90%
Price History
$3,950,000
6/22/2024
$3,875,000
1/17/2025
1260 NW 29th St, Miami, FL, 33142
1953
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.
Status:
Active
Type:
Commercial
Units:
6
Zoning:
7000
Garage:
Common
Parking:
10-car
Est. Taxes:
$25,660
Days on Market:
209
Lease Term Type:
36 Months
MLS #:
A11649189
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Listing courtesy of Gridline Properties Phone: 786-325-5647