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$3,950,000
Est. payment /mo
11,908 SqFt
UPDATED:
09/30/2024 09:17 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,908 sqft
Price per Sqft $331
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 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
State FL
County Miami-dade
Area 31
Exterior
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-26-039-1880
Ownership Corporation
Security Features Window Bars
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Listed by Gridline Properties
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