1274 NW 29th St, Miami, FL 33142
sale
$1,175,000
|
Retail
Courtesy Of Related ISG Realty
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Legal Description: WESTEND PK AMD PL PB 6-142 LOTS 19 & 20 BLK 9 LOT SIZE 49.000 X 145 COC 23865-1985 09 2005 1
- MLSID: A11823562
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