1260 NW 29th St, Miami FL 33142

1260 29th St, Miami, FL, 33142
$3,875,000

Basics

Date added Added 14 hours ago Category Type Status
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

  • 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

Amenities & Features

  • Security Features: Security Grill Work
  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

Ask an Agent About This Home

I agree to the Terms of Use and Privacy Policy
[elementor-template id="17912"]

Share this property

Copy

Or share with

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favourite homes and more

Sign up with email

Get started with your account

to save your favourite homes and more

I agree to the Terms of Use and Privacy Policy