Basics
- Category: CommercialSale
- Type: MixedUse
- Status: Active
- Bathrooms: 0
- Lot size: 16845, 16845 sq ft
- Year built: 1953
- County: Miami-Dade County
- Lease Term: Item36Months
- MLS ID: A11649189
Description
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Description:
26 53 41 WEST END PK AMD PL PB 6-142 W19FT LOT 14 & ALL LOTS 15 & 16 BLK 9 LOT SIZE 67.500 X 145 OR 21106-3094 0203 1 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.
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Building Details
- Structure Type: Office,Warehouse
- Water Source: Public
- Sewer: PublicSewer
- Covered Spaces: 0
- Number Of Buildings: 2
Amenities & Features
- Parking Features: Common
- Security Features: WindowBars
- Parking Total: 10
Expenses, Fees & Taxes
- Tax Annual Amount: $25,660
Miscellaneous
- List Office Name: Gridline Properties
Ask our real estate expert about this property
This MixedUse-type commercial real estate is located in 1260, 29th St, Miami, FL, 33142 was built in 1953, and is listed at $3,950,000.