1558 Alton Rd, Miami Beach FL 33139
Retail in Miami Beach
$5,000,000
Listing courtesy of BHHS EWM Realty; Ben Brissi. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
n/a
n/a
n/a
Retail, Commercial Sale
Details
Overview
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.
This retail home located at 1558 Alton Rd, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 139 days. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1925. 1558 Alton Rd, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.
Interior
- Flooring:
- Common walls with other units/homes:
Property
- Parking Features:
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1925
Community & HOA
- Security Features:
- Amenities:
Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Miami Beach Adult & Community Education Center • 0.0 mi • K-12
- Miami Beach Fienberg/Fisher K-8 Center • 0.0 mi • K-12
- Miami Beach Senior High • 0.0 mi • K-12
- Miami Beach South Pointe Elementary • 0.0 mi • K-12
- Miami Beach Nautilus Middle • 0.0 mi • K-12
- North Beach Elementary • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.