Mixed-Use – 11,908 Sq Ft in Miami, FL – Exceptional NNN Lease Opportunity
Commercial Sale
Category: Mixed-Use
Price:$3,875,000
Location: Miami, FL
Year Built: 1953
Days on Market: 33
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 1260 & 1270 nw 29th. Street, Miami, FL 33142
Listing Code: 1081952702