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.
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Street:
- 1558 Alton Rd, Miami Beach, Florida 33139
- Longitude:
- W81° 51' 30.7''
- Latitude:
- N25° 47' 18.5''
- Building Area:
- 7,762 Sqft
- Cumulative DOM:
- 46
- DOM:
- 46
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Parcel Number:
- 02-32-34-018-0510
- Structure Type:
- Retail
- Tax Annual Amount:
- $55,361
- Tax Year:
- 2025
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1558 Alton Rd, Miami Beach, Florida 33139, Miami Beach, Florida 33139
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $5,000,000
- Year Built :
- 1925
- Lot Area :
- 7,500 Sqft
- MLS # :
- A11956142
- Property Sub Type :
- Retail
