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719 NW 29th St 719-721 NW 29th St 2,634 SF 100% Leased Retail Building Miami, FL 33127 $2,341,215 CAD ($888.84 CAD/SF)
Investment Highlights
- 100% Occupied
- Zoned to develop (8) stories
- Stable in-place cash flow
Executive Summary
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 oering
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.
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 oering
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,634 SF
Building Class
C
Year Built
1957
Price
$2,341,215 CAD
Price Per SF
$888.84 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
D1
Parking
5 Spaces (1.9 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Fenced Lot
- Freeway Visibility
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-3126-009-0390 | Improvements Assessment | $220,507 CAD |
| Land Assessment | $641,397 CAD | Total Assessment | $861,904 CAD |
Property Taxes
Parcel Number
01-3126-009-0390
Land Assessment
$641,397 CAD
Improvements Assessment
$220,507 CAD
Total Assessment
$861,904 CAD
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719 NW 29th St | 719-721 NW 29th St
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