Commercial Real Estate

CommercialSaleMixedUseFLMiami1260, 29th St, Miami, FL, 33142

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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