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Property profile & analytics
OFF-MARKET Estimated value $3,985,000
Automotive properties

1520 Alton Rd Miami Beach, FL 33139-3302

5,250 SF 0.17 ac lot Built 1939
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-4523153
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1939
Construction CONCRETE
Total area 5,250 SF
Lot 0.17 ac (7,500 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 02-3234-018-0590
UPID US18-4523153
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.58M
Blend (final) Blend
$3.99M
Owner & transaction history
Fg 1520 Alton LLC · 4 yrs held
Fg 1520 Alton LLC
since 2021
Last sale
$4.1M
2 recorded transactions
2021
$4.1M
2004
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Ordinance
Top alternative use upside
Commercial (general) $4.4M +32.4%
Restaurant $3.9M +18.4%
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