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.
Property Details
Price:
$3,950,000
MLS #:
A11649189
Status:
Active
Beds:
0
Baths:
0
Address:
1260 NW 29th St
Type:
Commercial
Subtype:
Mixed Use
City:
Miami
Listed Date:
Jun 22, 2024
State:
FL
Finished Sq Ft:
11,908
Total Sq Ft:
11,908
ZIP:
33142
Year Built:
1953
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Schools
Interior
Exterior
Parking Features
Shared Parking
Parking Spots
10
Financial
Taxes
$25,660
Map
Community
- Address1260 NW 29th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
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1260 NW 29th St
Miami, FL
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