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.
- Address 1260 NW 29th St
- City Miami
- County Miami-Dade
- Zip 33142
- Price $3,950,000
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # A11649189
- Property Type Commercial Sale
- Property Sub TypeMixed Use
- Status Active
- Square Feet
- Year Built 1953
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $25,660
- Tax Year