South Beach Commercial
For Sale
$5,000,000
1558 Alton Rd, Miami Beach, FL 33139
Four-unit building on Alton Road with redevelopment potential.
Property Size7,762 SF
Lot Size0.17 Acres
Price / SF$644.16
Days on Market98
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
Changed: Jul 10
Last Checked: Jul 29 at 7:44AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
7,271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
Frequently Asked Questions
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.
