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$1,175,000
Est. payment /mo
3,315 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,315 sqft
Price per Sqft $354
MLS Listing ID A11823562
Construction Status Resale
HOA Y/N No
Year Built 1953
Annual Tax Amount $10,925
Lot Size 7,085 Sqft
Property Sub-Type Retail
Property Description
1274 NW 29th Street presents a prime opportunity in Miami's rapidly growing commercial sector. Positioned directly on NW 29th Street, this property is less than 0.5 miles or just a 2-minute drive from Wynwood, one of the most sought-after retail and creative office hubs in Miami. This 3,315 SF retail property with 3 tenants is ideal for an owner-user, investor, or creative office conversion, benefiting from high visibility, strong pedestrian and vehicular traffic, and a tight retail leasing market with limited vacancy. With a projected 6.5% - 7% cap rate, market rents of $24 NNN, and significant appreciation potential, this is an excellent opportunity to secure a high-performing asset in one of Miami's most dynamic submarkets. The property is 100% leased.
Location
State FL
County Miami-dade
Area 31
Exterior
Private Pool Yes
Building
Construction Status Resale
Others
Tax ID 01-31-26-039-1900
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11823562
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Listed by Related ISG Realty, LLC.