Lexan Real Estate, LLC
Melissa Lorenzo, Lexan Real Estate, LLCPhone: (786) 486-7860
Email: [email protected]
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listing
1 of 20
CommercialFor Sale
$3,950,000
1260 NW 29th St
Miami, FL 33142
Courtesy of Gridline Properties
MLS: MIAMI Association of REALTORS
Est. Mortgage
$20,489/mo

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.

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Information courtesy of Gridline Properties is subject to verification and is not guaranteed.
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