Property profile

1920 Alton Rd Miami Beach, FL 33139

OFF-MARKET
Retail residential properties
Property ID
US18-4750866
20,713 SF 0.59 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Boat Rental Service
  • Restaurant

Location

1920 Alton Rd Miami Beach, FL 33139-1507
Miami Beach metro Census 4106 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2021
Last sale
$21.3M
6 recorded transactions
2021
$21.3M
2018
Price N/A
2011
$3.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6400:COMMERCIAL,CENTRAL · Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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