$3,950,000
( $331.71Per Sq Foot )
 $21,204 forsale estimated payment Sourced by Back At You

1260 NW 29th St , Miami, FL 33142

Miami, FL 33142

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Description

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.

Details

MlsA11649189
Listing TypeFor Sale
StyleMixed Use
SubtypeResale
StatusActive
Year1953
Days On Site99
Listing Provided ByGridline Properties | Jonathan Eismann

Features

Sq Feet11,908
Units6
Buildings2
Zoning7000
Acreage16845.00
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®

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Learn More About This Property

StateFL
CountyMiami Dade
CityMiami
Zip Code33142
Area31
Listing VS Median (in 33142)
Price:
$3,950,000
low | high
Med:
$446,000
100% of Average
SqFt:
11,908
low | high
Med:
1,033
100% of Average
$ / SqFt:
$332
low | high
Med:
$433
19.475174909713% of Average
On Site:
99
low | high
Med:
185.500000
53.369272237197% of Average
Sourced by Back At You
Listing Updated: November 27, 2024 at 1:16:03 PM PST
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