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$ 3,650,000
Est. payment /mo
Price Dropped by $225K
1260 NW 29th St Miami, FL 33142
11,908 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,908 sqft
Price per Sqft $306
MLS Listing ID A11649189
HOA Y/N No
Year Built 1953
Annual Tax Amount $25,660
Lot Size 0.387 Acres
Lot Dimensions 116
Property Sub-Type Mixed Use
Property 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 6.8% at full asking price. With terms acceptable to the seller a 7CAP may be achieved at closing
Location
State FL
County Miami-dade
Area 31
Exterior
Total Parking Spaces 10
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-26-039-1880
Ownership Corporation
Security Features Window Bars
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11649189
Listed by Gridline Properties