Commercial Real Estate

Zebur

305.6000958
CommercialSaleMixedUseFLMiami1260, 29th St, Miami, FL, 33142

1260 NW 29th St

1260, 29th St, Miami, FL, 33142
    $3,950,000
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    Basics

    • Category:
    • Type:
    • Status:
    • Bathrooms: 0
    • Lot size: 16845, 16845 sq ft
    • Year built: 1953
    • County: Miami-Dade County
    • Lease Term: Item36Months
    • MLS ID: A11649189

    Description

    • 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

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    This -type commercial real estate is located in 1260, 29th St, Miami, FL, 33142 was built in 1953, and is listed at $3,950,000.

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