Basics
Date added Added 1 day ago | Category Mixed Use | Type Commercial Sale | Status Active |
Lot size, sq ft 16845 sq ft | Year built 1953 | LeaseTerm 1 To 3 Year Lease,4 To 6 Year Lease | ListOfficeName Gridline Properties |
ListAOR Miami Association of REALTORS® | MLS ID A11649189 |
Description
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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
- CountyOrParish: Miami-Dade County
Building Details
- ParkingTotal: 10
- NewConstructionYN: No
- Parking: Shared Parking
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11649189
Amenities & Features
- Security Features: Security Grill Work
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No