South Beach Commercial Opportunity

1558 Alton Rd, Miami Beach, FL 33139

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For Sale

$5,000,000

Four-unit building on Alton Road with redevelopment potential.

Type:Commercial

Property size:

7,762 SF

Lot size:

0.17 Acres

Price / SF:

$644/SF

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.
Four‑unit building totaling approx. 7,762 SF on a 7,500 SF lot with on‑site parking.
Below‑market rents offer immediate upside potential.
Excellent walk score of 95, designated as a 'Walker's Paradise'.

We can help!

Listing Contact

Zachary Joslin

Learn more

For Sale

$5,000,000

Four-unit building on Alton Road with redevelopment potential.

Type:Commercial

Property size:

7,762 SF

Lot size:

0.17 Acres

Price / SF:

$644/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 3:43 pm

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

We can help!

Listing Contact

Zachary Joslin

Listing agent Zachary Joslin License #3288847

Listing office BHHS - EWM Realty | Aventura

Listing date Apr 24, 2026

Source Elliman

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 | Aventura

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.
Four‑unit building totaling approx. 7,762 SF on a 7,500 SF lot with on‑site parking.
Below‑market rents offer immediate upside potential.
Excellent walk score of 95, designated as a 'Walker's Paradise'.

Overview

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.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

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

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For sale
Storefront properties
FL
Miami Beach
33139
1558 Alton Rd

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.