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.
Mls | A11649189 |
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Listing Type | For Sale |
Style | Mixed Use |
Subtype | Resale |
Status | Active |
Year | 1953 |
Days On Site | 99 |
Listing Provided By | Gridline Properties | Jonathan Eismann |
Sq Feet | 11,908 |
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Units | 6 |
Buildings | 2 |
Zoning | 7000 |
Acreage | 16845.00 |
State | FL |
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County | Miami Dade |
City | Miami |
Zip Code | 33142 |
Area | 31 |
Listing VS Median (in 33142) | |
Price: $3,950,000 low | high Med: $446,000 SqFt: 11,908 low | high Med: 1,033 $ / SqFt: $332 low | high Med: $433 On Site: 99 low | high Med: 185.500000 |