South Beach Commercial
1558 Alton Rd Miami Beach, FL 33139
1558 Alton Rd, Miami Beach, FL, 33139
$5,000,000
For Sale
$5,000,000
Four-unit building on Alton Road with redevelopment potential.
Property Size7,762 SF
Lot Size0.17 Acres
Price / SF$644.16
Days on Market89
Property Features for 1558 Alton Rd
General Information
- Standard status
- Active
- Size
- 7,762 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agency
BHHS EWM Realty
(561) 222-5240
Listed by
Zachary Joslin · License #3288847
(561) 222-5240
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 8:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS EWM Realty
Investment Insights
Based on property information with market context.
This commercial property is located in South Beach on the west side of Alton Road, a visible and heavily trafficked corridor. The four-unit building totals approximately 7,762 square feet and is situated on a 7,500 square foot lot. On-site parking is available for tenants. The building is currently 50% occupied. A frame shop occupies approximately 1,400 square feet and pays $6,000 per month, while a language school occupies approximately 2,800 square feet and pays $5,000 per month. The current leases are below market value. There are two vacant ground-floor spaces: an approximately 1,400 square foot retail unit fronting Alton Road and an approximately 2,100 square foot rear space, formerly a flower shop. The pro-forma gross income is approximately $367,500 annually. At market rents, the income supports a projected cap rate above 7% at stabilization. The CD-2 zoning allows for future redevelopment up to approximately 15,522 square feet and a height of 60 feet. The location has a bike score of 77, indicating it is very bikeable, a walk score of 95, indicating it is a walker's paradise, and a transit score of 59, indicating good transit options.
Key Highlights
- High‑traffic location on Alton Road in South Beach.
- Significant income potential with pro‑forma gross income approx. $367,500 annually and projected cap rate above 7% at stabilization.
- CD‑2 zoning allows for future redevelopment up to ±15,522 SF and 60’ height.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Flower Details — 907 alton rd, miami beach, fl 33139
- Luxury Flowers Miami Beach — 907 alton rd, miami beach, fl 33139
- My Peonika Online Flower Shop — 1330 pennsylvania ave apt 316, miami beach, fl 33139
- Seasons Flowers of South Beach — 1526 Alton Rd, Miami Beach, FL 33139
- Fleurs De La Mer — 1224 Washington Ave, Miami Beach, FL 33139
FAQs
What type of property is this?
Storefront property - Four-unit building on Alton Road with redevelopment potential.
Where is this storefront property located?
The property is located at 1558 Alton Rd Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: High‑traffic location on Alton Road in South Beach.; Significant income potential with pro‑forma gross income approx. $367,500 annually and projected cap rate above 7% at stabilization.; CD‑2 zoning allows for future redevelopment up to ±15,522 SF and 60’ height.
