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$3,875,000

Est. payment - /mo

11,908 SqFt

Active

1260 NW 29th St Miami, FL 33142

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Sammy Hernandez

sammysellsmiami@gmail.com +1(786) 203-8671

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 11,908 sqft

Price per Sqft $325

MLS Listing ID A11649189

HOA Y/N No

Year Built 1953

Annual Tax Amount $25,660

Lot Size 0.387 Acres

Lot Dimensions 116

Property Sub-Type Mixed Use

Property 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.

Location

State FL

County Miami-dade

Area 31

Exterior

Total Parking Spaces 10

Private Pool Yes

Building

Sewer Public Sewer

Water Public

Others

Tax ID 01-31-26-039-1880

Ownership Corporation

Security Features Window Bars

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11649189

Listed by Gridline Properties

+1(786) 203-8671

sammysellsmiami@gmail.com

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