South Beach Commercial Redevelopment
1558 Alton Rd, Miami Beach, FL 33139
Four-unit building on Alton Road with redevelopment potential.
Type:Office, Retail, Special Purpose
Property size:
7,762 SFLot size:
0.17 AcresPrice / SF:
$644/SF- Added:
- Jan 31, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1558 Alton Rd
General Information
- Standard status
- Active
- Size
- 7,762 SF
- Lot size
- 0.17 Acres
- Property subtype
- Office, Retail, Special Purpose
Building Details
- Year Built
- 1925
Listing agent Ben Brissi License #3288847
Listing office Berkshire Hathaway HomeServices EWM Realty
Listing date Jan 31, 2026
Source Crexi
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 Berkshire Hathaway HomeServices EWM Realty
HighLights
- High‑visibility location on heavily trafficked 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
- Four‑unit building totaling approx. 7,762 SF on a 7,500 SF lot
- On‑site parking for tenants
- Current below‑market leases offer immediate upside potential
Overview
This commercial property is located on the west side of Alton Road in South Beach. The four-unit building has a total area of approximately 7,762 square feet and is situated on a 7,500 square foot lot. On-site parking is available for tenants. The property 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: one retail unit facing Alton Road with approximately 1,400 square feet, and a rear space of approximately 2,100 square feet that was 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. Alton Road is a visible and heavily trafficked corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.141525
- Latitude
- 25.788467
Nearby Similar for Sale
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‑visibility location on heavily trafficked 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
