1235 Alton Rd Miami Beach, FL 33139-3809

Property Details for 1235 Alton Rd

Year built

1934

Construction

CONCRETE

Lot size

0.17 lot acres

Property size

2,642 SF

Zone code

4800:PLANNED RESID OFFICE

Property type

Outlet malls

APN

02-4203-009-8760

APU

242030098760

Description

This exceptional investment opportunity presents a fully occupied, 2,642 square foot medical and traditional office building situated on Alton Road in Miami Beach, Florida. The property, built in 1934, consists of one single-story building encompassing two units, currently leased to a dentist and a real estate office, ensuring a 100% occupancy rate. Each unit commands a price of $2,975,000, with the entire property listed at $5,950,000, reflecting a price per square foot of $2,252.08. The 0.17-acre lot includes a private parking area, a significant advantage in this high-traffic location. The property benefits from its prime position on Alton Road, a bustling commercial corridor experiencing significant redevelopment, with an estimated 35,000 cars passing daily. This presents a unique chance to acquire a well-performing asset in a rapidly evolving area, with potential for future development and expansion, given the possibility of acquiring adjacent properties. The seller is open to owner financing or the assumption of an existing mortgage, making this an attractive proposition for various investment strategies. The property's APN is 02-4203-009-8760 and is located in Miami-Dade County, Florida, zip code 33139.