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:
Aug 28, 2024
State:
FL
Finished Sq Ft:
11,908
ZIP:
33142
Year Built:
1953
See this Listing
Mortgage Calculator
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
Similar Listings Nearby
- 1553 SW 7th St
Miami, FL$5,072,000
2.50 miles away
- 1215 West Ave # 1
Miami Beach, FL$5,000,000
4.85 miles away
- 3700 NW 79th St
Hialeah, FL$5,000,000
3.90 miles away
- 1040 E 26th Street
Hialeah, FL$4,999,999
4.08 miles away
- 2433 NW 7th St
Miami, FL$4,999,000
2.00 miles away
- 1395 SW 22nd St
Miami, FL$4,900,000
3.58 miles away
Courtesy of Gridline Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Century 21 Carioti include the name of the listing broker. Neither the listing company nor Century 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
1260 NW 29th St
Miami, FL
LIGHTBOX-IMAGES