Mixed Use For Sale
1260 Nw 29th St, Miami, FL 33142

$3,950,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11649189
  • Virtual Tour: YES
  • List Price: $3,950,000
  • Taxes:$25,660
  • Year Built:1953
  • Listing Date:August 28, 2024
  • Days On Market:40
  • Total Units:6

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.

Features


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Location


Price History


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker