660 29Th StMiami, FL 33127

Property Details for 660 29Th St

Year built

1948

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8034

Longitude

-80.2067

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