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Investment Highlights
- Freestanding commercial building totaling approximately 3,920 SF.
- Fully renovated and move-in ready. Situated on a 7,085 SF lot with D1 zoning.
- Suitable for office, retail, showroom, gallery, daycare, school, automotive, light manufacturing, and owner-user applications.
- Unique drive-through configuration with drive-in doors on both north and south sides.
- Approximately 3,000 SF gated private parking lot and yard area.
- Centrally located in Allapattah with quick access to Downtown Miami, Wynwood, Miami International Airport, and major transportation corridors.
Executive Summary
1240 NW 29th Street presents a rare opportunity to acquire a fully renovated freestanding commercial building in the heart of Miami's Central Allapattah submarket. Situated on a 7,085-square-foot lot and offering approximately 3,920 square feet of interior space, the property combines functional design, flexible zoning, and a strategic central location that supports a wide variety of commercial uses.
A standout feature of the property is its unique drive-through building configuration, with drive-in doors located on both the north and south sides, allowing vehicles to pass completely through the structure. This functionality is ideal for logistics-oriented businesses, automotive users, service operators, light manufacturing, showroom concepts, and other businesses requiring efficient loading and circulation.
The property also includes a gated private parking and yard area of approximately 3,000 square feet, providing additional outdoor storage, vehicle parking, or operational space. Recent due diligence includes a Phase II Environmental Report confirming the property is environmentally clean, as well as a current survey. Ownership has also completed a comprehensive renovation, significantly enhancing the property's usability and appeal.
Located within the rapidly evolving Allapattah market, the property offers convenient access to Downtown Miami, Wynwood, the Health District, Miami International Airport, major expressways, and Miami Beach, making it an attractive option for owner-users and investors seeking a centrally located commercial asset.
A standout feature of the property is its unique drive-through building configuration, with drive-in doors located on both the north and south sides, allowing vehicles to pass completely through the structure. This functionality is ideal for logistics-oriented businesses, automotive users, service operators, light manufacturing, showroom concepts, and other businesses requiring efficient loading and circulation.
The property also includes a gated private parking and yard area of approximately 3,000 square feet, providing additional outdoor storage, vehicle parking, or operational space. Recent due diligence includes a Phase II Environmental Report confirming the property is environmentally clean, as well as a current survey. Ownership has also completed a comprehensive renovation, significantly enhancing the property's usability and appeal.
Located within the rapidly evolving Allapattah market, the property offers convenient access to Downtown Miami, Wynwood, the Health District, Miami International Airport, major expressways, and Miami Beach, making it an attractive option for owner-users and investors seeking a centrally located commercial asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,920 SF
Building Class
C
Year Built
1946
Price
$1,275,000
Price Per SF
$325.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
D1 - Industrial / Commercial
Parking
1 Spaces (0.26 Spaces per 1,000 SF Leased)
Frontage
Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-3126-039-1860 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $603,876 |
Property Taxes
Parcel Number
01-3126-039-1860
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$603,876
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