719-721 NW 29th St - Storefront FOR SALE


Miami, FL 33127- Allapattah
$1,715,000 USD
305-507-7098
719-721 NW 29th St, Miami, FL for Sale
$1,715,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

719-721 NW 29th St
Miami, FL 33127
Allapattah


HIGHLIGHTS

  • 100% Occupied
  • Stable in-place cash flow
  • Zoned to develop (8) stories

OVERVIEW

Gridline Properties is pleased to present the exclusive offering of a free-standing, industrial/mixed-use building located at the gateway of Wynwood and Allapattah. The property was renovated in 2024 and is strategically positioned within one of the city’s most active urban growth corridors, benefiting from strong demand fundamentals and accelerating redevelopment momentum. The asset is 100% occupied by a single tenant, a well-established music studio and recording business, operating under a long-term lease with annual rental increases, providing stable in-place cash flow. The oering is an attractive opportunity for investors seeking dependable income today while maintaining exposure to one of South Florida’s most active corridors. Zoned industrial with the ability to develop up to eight (8) stories and potential eligibility under the Live Local program, the property oers compelling long-term redevelopment optionality. This investment is well suited for buyers seeking a combination of current yield, durable tenancy, and embedded value creation potential in one of Miami’s most dynamic infill submarkets.

FOR SALE DETAILS

PRICE

$1,715,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

719 NW 29th St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,873 SF

ZONING

D1

APN/PARCEL ID

01-3126-009-0390

ASK ABOUT THIS PROPERTY

Alfredo RiascosGridline PropertiesMore Info
305-507-7098

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Alfredo RiascosGridline PropertiesMore Info
305-507-7098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.