1558 Alton Rd, Miami Beach, FL 33139
1558 Alton Rd, Miami Beach, FL 33139
1558 Alton Rd, Miami Beach, FL 33139
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$5,000,000
Est. payment /mo
7,762 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 7,762 sqft

Price per Sqft $644

MLS Listing ID A11956142

HOA Y/N No

Year Built 1925

Annual Tax Amount $55,361

Tax Year 2025

Lot Size 7,500 Sqft

Property Sub-Type Retail

Property Description

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.

Location

State FL

County Miami-dade

Area 32

Zoning 6400

Exterior

Private Pool Yes

Building

Sewer Public Sewer

Water Public

Others

Tax ID 02-32-34-018-0510

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11956142

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by BHHS EWM Realty

Nearby Locations

Monica Cataluña, CCIM, ALC

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+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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1558 Alton Rd