1274 NORTH WEST 29TH ST, Miami
$1,175,000 USD
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| Address | 1274 NORTH WEST 29TH ST, Miami |
| Type of Property | Retail |
| Type of Business | Retail Space |
| Price | $1,175,000 |
| Property Status | Active |
| MLS Number | A11823562 |
| Property Size | 7085 |
| Lot Size | 7085 |
| Year Built | 1953 |
| Folio Number | 01-31-26-039-1900 |
| Zoning Information | 7000 |
| Days on Market | 102 |
Detailed 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 sq.ft 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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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33142 |
| Address | 1274 NORTH WEST 29TH ST |
| Section | 26 |
| Zip Code (4 Digits) | 6618 |
Financial Information
| Price | $1,175,000 |
| Price per Foot | $0 |
| Folio Number | 01-31-26-039-1900 |
| Tax Amount | $10,925 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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 sq.ft 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. |
| Year Built Description | Resale |
Property parameters
| Living Area | 7085 |
| Lot Size | 7085 |
| Total Acreage | 0.000 |
| Zoning Information | 7000 |
| Maximum Leasable Size | 7085 |
| Year Built | 1953 |
| Type of Property | Retail |
| Type of Business | Retail Space |
| Street Direction | North West |
| Listed with | Related ISG Realty, LLC. |