- MLS® #: A11898191
- Restaurant Miami Beach
- Miami Beach, FL 33139
- $6,000,000
- Business
- MLS® #: A11956142
- 1558 Alton Rd
- Miami Beach, FL 33139
- $5,000,000
- Business
Prime South Beach commercial opportunity on the west side of Alton Road, one of the area’s most visible and heavily trafficked corridors. 4-unit building totaling approx. 7,762 SF on a 7,500 SF lot as well as on-site parking for tenants. Currently 50% occupied with a ±1,400 SF frame shop paying $6,000/month and a ±2,800 SF language school paying $5,000/month. Current leases are below market. Two additional ground-floor spaces are vacant: a ±1,400 SF Alton Road–fronting retail unit and a ±2,100 SF rear space (formerly a flower shop). Pro-forma gross income approx. $367,500 annually; at market rents, income supports an attractive projected cap rate above 7% at stabilization, and incredible find in Miami Beach. CD-2 zoning allows future redevelopment up to ±15,522 SF and 60’ height.
View Virtual TourEssential Information
- MLS® #A11956142
- Price$5,000,000
- CAD Dollar$6,808,250
- UK Pound£3,662,735
- Euro€4,212,475
- Bathrooms0.00
- Year Built1925
- TypeBusiness
- Sub-TypeRetail
- StatusActive
Community Information
- Address1558 Alton Rd
- Area32
- CityMiami Beach
- CountyMiami-Dade
- StateFL
- Zip Code33139
- Office: Bhhs Ewm Realty
1558 Alton Rd on www.webmail.jupiteroceanfrontcondos.us
Offered at the current list price of $5,000,000, this home for sale at 1558 Alton Rd features bedrooms and 0 bathrooms. This real estate listing is located in of Miami Beach, FL 33139 . 1558 Alton Rd is listed under the MLS ID of A11956142 and has been on the Miami Beach real estate market for 10 days.Facts About Miami Beach, FL
Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.
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