1260 NW 29th St, Miami, 33142

  • $3,950,000

Listing UP for Sale

Miami

Overview

Property ID: A11649189
  • 16845
  • Lot sqft
  • 1953
  • Year Built

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.

  • Address 1260 NW 29th St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33142
  • Area Miami-dade County

Details

Updated on August 28, 2024 at 4:17 pm
  • Property ID: A11649189
  • Price: $3,950,000
  • Land Area: 16845 sqft
  • Year Built: 1953
  • Property Status: Listing UP for Sale

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Jonathan Eismann
  • Jonathan Eismann