Basic Information

  • MLS # A11649189
  • Type Mixed Use
  • Status Active
  • Year Built 1953
  • Total Sqft 16,845
  • Date Listed 08/28/2024
  • Days on Market 253
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description Common
  • Style Mixed Use

Interior Features

  • Adjusted Sqft 16,845Sq.Ft
  • Sqft 16,845 Sq.Ft

Property Features

  • Address 1260 NW 29th St
  • Aprox. Lot Size 16,845
  • City Miami
  • County Miami- Dade
  • Furnished Info no
  • Occupant Type Tenant
  • Parking Features Common
  • Postal City Miami
  • Public Survey Township 1
  • Sewer Description Public Sewer
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $25,660
  • Tax Legal desc 265341 W E S T E N D P K A M D P L P B6-142 W19 F T L O T14& A L L L O T S15&16 B L K9 L O T S I Z E67.500 X145 O R21106-309402031
  • Tax Year 0
  • Type of Property Mixed Use
  • Water Source Public

1260 NW 29th St

Miami, FL 33142

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Gridline Properties. tel: 786-325-5647

Real Estate IDX Powered by: TREMGROUP