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    1824 Alton Rd Miami Beach, FL 33139
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    Property profile & analytics

    1824 Alton Rd Miami Beach, FL 33139


    • Outlet malls
    • 87,542 SF
    • 0.55 lot acres
    Retail Space on Alton Road For Lease
    $29,005,000
    2,223 SF

    Retail Space on Alton Road

    Retail space with frontage and parking garage access.

    1824 Alton Rd, Miami Beach, FL
    View Listing
    Property ID
    US18-4685984
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $29,005,000
    Cap Rate Potential
    5.2%
    Outlet malls
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 1824 Alton Rd

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    0.55 lot acres
    Property size
    87,542 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    02-3233-012-0130
    APU
    232330120130

    Description

    This exceptional retail or restaurant space, located at 1824 Alton Road in Miami-Dade County's vibrant Sunset Harbour submarket, presents a unique investment opportunity. The property boasts ±28 feet of frontage on Alton Road, providing excellent visibility and signage opportunities for any business. With a high ceiling of approximately 20 feet, the space offers ample room for creative design and layout. A grease trap is already installed, making it ideal for a restaurant concept. The property is part of a larger development with convenient access to a 127-space parking garage, ensuring ample parking for customers and employees. This multi-tenant building offers a dynamic and thriving location within Sunset Harbour, known for its upscale atmosphere and high foot traffic. The property's prime location and desirable features make it an attractive option for a variety of businesses seeking a prominent presence in this sought-after area. The significant frontage and high ceilings create a striking visual impact, while the existing grease trap simplifies the setup for food-related businesses. The ample parking further enhances the convenience and appeal of this exceptional retail or restaurant space. This is a rare opportunity to secure a highly visible and well-located property in one of Miami's most desirable neighborhoods. Interested parties should inquire for further details and leasing information.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $28,250,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $24,670,000
      6.5%
      $22,775,000
      7%
      $21,145,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1417
    Latitude
    25.7939
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $511,052
    $9,037,500
    $19,844,500
    $28,882,000
    -
    $9,037,500
    $19,844,500
    $28,882,000
    View Listing
    More about this property
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