1260 29th St ,Mixed Use, Free Standing for Sale & Rent

1260 29th St for Sale & Rent

Price $3,950,000.00

• Lot size 16845
• Year Build 1953
• Waterfront
• Zip 33142
• Style
• Parking Description Shared Parking
• Pool Yes
• Status Active

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.

Allapattah Creative Campus with stabilized In place cash flow. This multi-tenant property will add value to any CRE investment portfolio. Please reach out to me for details and to arrange a tour. 1260 & 1270 nw 29th. Street, Miami, FL 33142

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

Central Business District, City Location

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.

City:Miami,Zoning:7000,List A O R:A-Miami Association of REALTORS,Latitude:25.8029169,Lease Term:1 To 3 Year Lease,4 To 6 Year Lease,List Price:3950000,Listing Id:A11649189,Longitude:-80.2166919,Mls Status:Active,Ownership:Corporation,Year Built:1953,Inclusions:Building & Land,Postal Code:33142,Street Name:29th St,Coordinates:1:25.8029169,Lot Features:1:City Location,Photos Count:20,Business Type:1:Professional,Days On Market:67,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-06-22,Parcel Number:01-31-26-039-1880,Parking Total:10,Property Type:Commercial Sale,Street Number:1260,Public Remarks: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.,County Or Parish:Miami-Dade County,Frontage Length:116,List Office Name:Gridline Properties,Private Remarks:Allapattah Creative Campus with stabilized In place cash flow. This multi-tenant property will add value to any CRE investment portfolio. Please reach out to me for details and to arrange a tour. 1260 & 1270 nw 29th. Street, Miami, FL 33142,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6669,Property Sub Type:Mixed Use,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:25660,Unparsed Address:1260 NW 29th St, Miami FL 33142,Listing Agreement:Exclusive Right To Sell,Building Area Total:11908,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:16845,Number Of Buildings:2,Original List Price:3950000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-06-22,Originating System I D:miamire,Public Survey Section:26,Street Number Numeric:1260,Tax Legal 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,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Allapattah Creative Campus with stabilized In place cash flow 1260 & 1270 nw 29th. Street, Miami, FL 33142,Contract Status Change Date:2024-06-22,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:6,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,