Home » Miami » 1260 NW 29th St, Miami, FL 33142 | A11649189

Mixed Use For Sale 1260 NW 29th St, Miami, FL 33142

$3,875,000
Price has decreased by $75,000

Property Highlights

Listing ID A11649189 Status of this Listing: Active For Sale Property Type Commercial Sale Mixed Use Building Area 11,908 Sqft/1106.29 m2 approx. Lot area 16,845 Sqft/1564.95 m2 approx. Year Built 1953 Time of this property on Rebonus 142 Day(s)

1260 NW 29th St, Miami, FL 33142

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.

Useful Info

Previous Asking Price:$3,950,000
Original List Price:$3,950,000

Lease Details

Lease Terms Description:1 To 3 Year Lease,4 To 6 Year Lease,Triple Net Lease

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Number of Buildings:2
Number of Units Total:6
Structure Type:
  • Office
  • Warehouse

Property Features

Waterfront:No
Security:
  • Window Bars

Taxes and Expenses

Tax Annual Amount:$25,660

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Occupant Type:
  • Tenant
Lease Term:
  • 36 Months
Lease Considered:No

Community

Senior Community:No

Parking

Parking Total Spaces:10
Covered Spaces:0
Parking Features:
  • Common

Utilities

Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Flood ZoneX
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1081952702
Subdivision Number39

Zoning and Legal

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
Real Estate Folio Number (Parcel Number):01-31-26-039-1880
Zoning Description:7000
Public Survey Township:1
Public Survey Range:31
Public Survey Section:26
Title to the property is held by owner as:
  • Corporation

Listing History

Update/EventDate/Days
Published Date:August 28, 2024 9:16 am
On Market Date:June 22, 2024
Price Change Date Time:January 17, 2025 3:44 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:January 17, 2025 3:44 pm
Status Last Changed:August 28, 2024 9:16 am
Photos Last Modified:August 28, 2024 1:53 pm
Last Modified:January 17, 2025 8:44 pm
Days on the Market Reference Date:January 17, 2025
Days on the Market (updated on Last Modified*):209
Cumulative Days on the Market (updated on Last Modified**):209

Additional Information

Lot Size Range:1/4+ To 1/2 Acre
Number of Photos:20
Location:Central Business District,City Location,,
Included:Building & Land,,
Area:31
Automated Valuation Display:Yes
Courtesy of:Gridline Properties
Universal Property Id:US-12025-N-0131260391880-R-N

Location

Show Property Address:Yes
Street Name:29th St
Street Number:1260
Street Direction Prefix:NW
Street Address:1260 NW 29th St
City : Miami
State : Florida
Zip Code : 33142
County : Miami-Dade
Full Address:1260 NW 29th St, Miami, FL 33142
Latitude:N25° 48' 10.5''
Longitude:W81° 46' 59.9''

Neighborhood

Postal City:Miami

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