1319 NW 29th St - Auto Repair FOR SALE


Miami, FL 33142- Allapattah
$3,500,000 USD
305-570-2600
1319 NW 29th St, Miami, FL for Sale
$3,500,000 USD
Auto Repair - FOR SALE
1/4
null | Request Cap Rate

1319 NW 29th St
Miami, FL 33142
Allapattah


HIGHLIGHTS

  • Minutes from Wynwood, Downtown, and major highways. Excellent connectivity and growth potential.
  • 3 bays, 12 bay doors, and 10,000 SF open lot. Industrial, office, hotel, and more permitted.
  • Prime Allapattah location! 0.45-acre corner lot with D1 zoning. Perfect for redevelopment or end-user.

OVERVIEW

APEX Capital Realty is proud to present the rare opportunity to acquire an expansive industrial flex property in blossoming Allapattah. Situated on a 0.45-acre lot, this two-parcel assemblage is positioned on a hard corner of NW 29th Street, a main commercial artery. Currently operated as an automotive and tire shop, this is a great opportunity for an end-user or as a redevelopment project for an investor that wants to take advantage of the variety of other commercial uses D1 zoning permits. There’s a total of three bays including twelve bay doors and nearly 10,000 SF of open lot on the corner of NW 29th Street and NW 13th Avenue. Allowable uses by right include Industrial, Warehouse/Storage, Automotive, Parking, Recreational Facility, Religious, Office, Hotel, Work-Live, Commercial Kitchen and more. The site is located just minutes from the Metrorail, Wynwood, Downtown, Brickell, Design District and the Health District, and is in close proximity to major thoroughfares I-95 and I-195. Upcoming I-95 ramps at 29th and 32nd Streets will improve the area’s connectivity, offering the buyer the opportunity to fully leverage the property’s advantageous location. Positioned on a thriving thoroughfare with a gradual overspill of urban core, the assemblage has considerable upside as Wynwood’s urban expansion extends westward. NW 29th Street has already seen the completion and ongoing development of various projects by notable developers including Related and Integra. Allapattah has been steadily growing at an accelerated pace recently, being referred to as Miami’s next frontier of development.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$502 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Industrial Flex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,750 SF

ZONING

D1

APN/PARCEL ID

01-3126-039-4570,01-3126-039-4590

ASK ABOUT THIS PROPERTY

Jenni FontanaApex Capital Realty LLCMore Info
305-570-2600

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Jenni FontanaApex Capital Realty LLCMore Info
305-570-2600

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