660 NW 29Th St Miami, FL 33127
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 660 NW 29Th St
- Year built
- 1948
- Property type
- Commercial real estate
Description
This exceptional Miami investment opportunity presents a three-parcel assemblage totaling 14,000 square feet. The portfolio includes a seven-unit duplex and an office building, currently generating cash flow from below-market-rate leases, offering significant upside potential. Located just one block from Wynwood's vibrant Art & Entertainment District, this property benefits from the ongoing transformation of the Allapattah neighborhood. The D2 zoning allows for a wide range of uses, including office, retail, showroom, commercial, industrial, hotel, bed and breakfast, and more. The existing structures can be redeveloped, with zoning permitting construction of up to eight stories. Several large-scale development projects are underway within close proximity, further enhancing the property's value. Enjoy convenient access to Wynwood, with Miami Beach, Downtown Miami, and Brickell all within a 10-minute drive. High visibility and prime location make this a compelling investment in a rapidly appreciating area. The property was built in 1948 and is offered at $3,500,000. This is a rare chance to acquire a significant mixed-use portfolio in one of Miami's hottest emerging neighborhoods.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.206685
- Latitude
- 25.8033723
