For Sale
$3,500,000

660 29Th StMiami, FL 33127

Miami Wynwood area; high-growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $3,500,000 asking price for a mixed-use property.
  • 14,000 SF three-parcel assemblage in Miami, FL.
  • Located one block from Wynwood's Art & Entertainment District.
  • Seven-unit duplex and office building with below-market leases offering upside potential.
  • D2 zoning allows for office, retail, showroom, commercial, industrial, hotel, and residential uses.
  • Potential for an eight-story new build.

Property Details for 660 29Th St

Property type
Mixed-use properties
Year Built
1948

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8033723
Longitude
-80.206685
660 29Th St, Miami, Florida

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660 29Th St
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