1520 Alton Rd Miami Beach, FL 33139-3302
This vacant, single-story building at 1520 Alton Road in Miami Beach, Florida, presents a unique investment opportunity. The 5,250 square foot property sits on a 7,500 square foot lot, offering 50 feet of frontage on the bustling Alton Road, just north of 15th Street. Zoned CD-2, it's ideally suited for a variety of uses, including retail, creative office space, or an auto shop. The building is currently vacant, providing immediate occupancy for the new owner. With 10 parking spaces available, this property is well-positioned within a vibrant commercial area, surrounded by other businesses and residential complexes. The asking price is $4,699,000, translating to $895.05 per square foot. This prime South Beach location offers exceptional potential for a savvy investor seeking a high-traffic, high-visibility property. The property consists of one building and one unit, making it an easily managed investment. Its central location in Miami Beach's Alton Road corridor ensures high visibility and accessibility. The property's versatility allows for diverse business ventures, catering to a wide range of potential tenants or owner-occupiers. This is a rare chance to acquire a substantial commercial property in a highly desirable area of Miami Beach.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.