Industrial Flex 1319 NW 29th St 6,976 SF Retail Building Miami, FL 33142 $3,500,000 ($501.72/SF)

APEX Capital Realty is proud to present the rare opportunity to acquire an expansive industrial flex property in blossoming Allapattah. Situated on a 0.45-acre lot, this two-parcel assemblage is positioned on a hard corner of NW 29th Street, a main commercial artery.
Currently operated as an automotive and tire shop, this is a great opportunity for an end-user or as a redevelopment project for an investor that wants to take advantage of the variety of other commercial uses D1 zoning permits. There’s a total of three bays including twelve bay doors and nearly 10,000 SF of open lot on the corner of NW 29th Street and NW 13th Avenue. Allowable uses by right include Industrial, Warehouse/Storage, Automotive, Parking, Recreational Facility, Religious, Office, Hotel, Work-Live, Commercial Kitchen and more.
The site is located just minutes from the Metrorail, Wynwood, Downtown, Brickell, Design District and the Health District, and is in close proximity to major thoroughfares I-95 and I-195. Upcoming I-95 ramps at 29th and 32nd Streets will improve the area’s connectivity, offering the buyer the opportunity to fully leverage the property’s advantageous location.
Positioned on a thriving thoroughfare with a gradual overspill of urban core, the assemblage has considerable upside as Wynwood’s urban expansion extends westward. NW 29th Street has already seen the completion and ongoing development of various projects by notable developers including Related and Integra. Allapattah has been steadily growing at an accelerated pace recently, being referred to as Miami’s next frontier of development.