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• MLS® #: A11823562
• 1274 Nw 29th St
• Miami, FL 33142-6618
• $1,175,000
• Business

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.

Facts About Miami, FL

Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.