Commercial property in Miami, Florida № 2174590
ID2174590
$ 1 715 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
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 offering
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.
MLS #: A11970715
Contact the seller
CityMiami
Address719 NW 29th St, Miami FL 33127
TypeCommercial property
Completion dateIV quarter, 1957
Price
- Price
- per m²
$ 1 715 000
- EUR €
- USD $
- RUB ₽
- GBP £