1558 Alton Rd, Miami Beach FL 33139

Description of 1558 Alton Rd, Miami Beach FL 33139

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.

Property Details for 1558 Alton Rd, Miami Beach FL 33139

Pool Private

No

Building Information for 1558 Alton Rd, Miami Beach FL 33139

Building Area Total

7762

Building Area Units

Square Feet

Association

No

Property Information for 1558 Alton Rd, Miami Beach FL 33139

Lot Features

City Location

Lot Size Square Feet

7,500

Waterfront

No

View

No

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 1558 Alton Rd, Miami Beach FL 33139

Parcel Number

02-32-34-018-0510

Tax Annual Amount

$55,361

Tax Year

2,025

Tax Legal Description

33-34 53 42 COMMERCIAL SUB PB 6-5 LOT 2 BLK 66 LOT SIZE 50.000 X 150 OR 15773-1882 1292 5

Zoning

6400

County Or Parish

Miami-Dade County

Location