Commercial Sale · Flex Space
719 NW 29th St, Miami FL 33127, MIAMI, FL, 33127
Active173 days on marketListed Feb 23, 2026MLS #A11970715
About this property
The property at a glance
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 offering 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.
2,634
Building sq ft
$651
Price / sq ft
5,873
Lot sq ft
1957
Year built
7000
Zoning
Flex Space
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$9,444/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Jillian to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
43,849
Population
$38,607
Median income
45
Median age
3
Avg household
$353,196
Median home value
$1,364/mo
Median rent
4,519
Households w/ kids
Consumer profile
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Seeking peace and well-being through meditation, gratitude and spirituality.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is characterized by vulnerability. Looking to unload emotional burdens, activities include confessions, apologies, and long-form posts.
Recent sales
What actually sold near 719 NW 29th St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$23,500
3480 NW 41st St, Miami FL 33142
Sold Aug 15, 2024
$11,500
Nearby listing
Sold Sep 25, 2024
$32
64 NW 54th St # 103, Miami FL 33127
Sold Nov 15, 2024
Your team
The pros in your corner
Your agent
Jillian Kobylesky
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 719 NW 29th St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 719 NW 29th St.
See it in person
Schedule a tour
Live availability from Jillian's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Gridline Properties · Alfredo Riascos. MLS #A11970715.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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