286 29Th StMiami, FL 33127

Property Details for 286 29Th St

Year built

2022

Construction

CONCRETE

Lot size

2.06 AC

Property size (Sq ft)

627,685 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-3125-024-3090

APU

131250243090

Description

The Dorsey, located at 286 NW 29th St, Miami, FL 33127, offers 73,000 square feet of retail space in Miami-Dade County. This multi-tenant property boasts twelve suites, with individual spaces ranging from a minimum of 685 square feet to a maximum contiguous space of 3,574 square feet. Currently, 19,772 square feet are available for lease. The building enjoys a highly visible location on 28th Street, 29th Street, and 3rd Avenue in Wynwood, a vibrant neighborhood known for its high foot and vehicular traffic. Its strategic position near numerous office buildings, restaurants, bars, and tourist attractions ensures high visibility and accessibility. The Dorsey is surrounded by a collection of established and successful businesses, including Pastis, Uchi, Casa Tua Cucina, Bottled Blonde, Velvet Taco, Puttery, and Bakan, creating a dynamic and desirable retail environment. This presents a unique opportunity for businesses seeking a prominent location within one of Miami's most sought-after neighborhoods. The property's prime location and surrounding amenities make it an ideal space for a variety of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $671,996,608

  6.5%

  $620,304,576

  7%

  $575,997,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,488,992

  Geo Method

  $372,488,992

• Alternative Use

  Use

  Valuation

  Residential

  $620,304,576

  Hospitality

  $568,195,648

  Educational

  $472,732,128

  Medical

  $488,990,112

  Retail

  $735,361,088

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8034

Longitude

-80.2006

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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