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    Property profile & analytics
    OFF-MARKET Estimated value $22,870,000
    Retail residential properties

    1920 Alton Rd, Miami Beach, FL 33139-1507

    20,713 SF 0.59 ac lot Built 1960
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US18-4750866
    Property summary
    AI-generated overview

    This exceptional retail and restaurant opportunity is located at 1920 Alton Road in the vibrant Sunset Harbor neighborhood of Miami Beach, Florida, 33140. The entire 12,545 square foot building is currently vacant and available for lease. This presents a unique chance to establish a flagship location or create a multi-tenant retail complex. The property is classified as commercial, with subtypes including retail, restaurant, and gym, offering flexibility for a variety of uses. The space is divisible, with a minimum leasable area of 2,664 square feet and a maximum contiguous space of 5,535 square feet. This allows for adaptability to suit different business needs and expansion plans. The property's prime location at the gateway to Sunset Harbor ensures high visibility and foot traffic, making it an ideal spot for businesses seeking strong brand exposure. This is a rare opportunity to secure a significant presence in one of Miami Beach's most desirable and dynamic commercial areas. The property's address is 1920 Alton Road, Miami Beach, FL 33140. The latitude and longitude coordinates are 25.7996083, -80.1420236 respectively.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1960
    Construction CONCRETE
    Total area 20,713 SF
    Lot 0.59 ac (25,600 SF)
    Zoning code 6400:COMMERCIAL,CENTRAL
    APN 02-3233-022-0030
    UPID US18-4750866
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $24.49M
    Blend (final) Blend
    $22.87M
    Owner & transaction history
    Alton Office Holdings II LLC · 4 yrs held
    Alton Office Holdings II LLC
    since 2021
    Last sale
    $21.3M
    6 recorded transactions
    2021
    $21.3M
    2018
    2011
    $3.5M
    1969
    1969
    1969
    Zoning & alternative use
    6400:COMMERCIAL,CENTRAL · Miami Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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