719 NW 29th Street

Property type

Mixed Use

Subdivision

-

Year built

1957

Gridline Properties is pleased to present the exclusive offering of a free-standing, industrial/mixed-use buildinglocated at the gateway of Wynwood and Allapattah. The property was renovated in 2024 and is strategicallypositioned within one of the city’s most active urban growth corridors, benefiting from strong demandfundamentals 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 offeringis an attractive opportunity for investors seeking dependable income today while maintaining exposure toone 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 Localprogram, the property oers compelling long-term redevelopment optionality. This investment is well suitedfor buyers seeking a combination of current yield, durable tenancy, and embedded value creation potential in one ofMiami’s most dynamic infill submarkets.

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