Miami Beach, FL 33139 1558 Alton Rd
$5,000,000
23 more
Presented By: This listing is courtesy of BHHS EWM Realty
SQFT • 7,762
Home Details
Prime South Beach commercial opportunity on the west side of Alton Road, one of the area’s most visible and heavily trafficked corridors. 4-unit building totaling approx. 7,762 SF on a 7,500 SF lot as well as on-site parking for tenants. Currently 50% occupied with a ±1,400 SF frame shop paying $6,000/month and a ±2,800 SF language school paying $5,000/month. Current leases are below market. Two additional ground-floor spaces are vacant: a ±1,400 SF Alton Road–fronting retail unit and a ±2,100 SF rear space (formerly a flower shop). Pro-forma gross income approx. $367,500 annually; at market rents, income supports an attractive projected cap rate above 7% at stabilization, and incredible find in Miami Beach. CD-2 zoning allows future redevelopment up to ±15,522 SF and 60’ height.
Presented By: This listing is courtesy of BHHS EWM Realty
Interior Features for 1558 Alton Rd
Bathrooms
Total Baths
General for 1558 Alton Rd
CityMiami Beach
CountyMiami-Dade
Full Baths
Legal Description33-34 53 42 COMMERCIAL SUB PB 6-5 LOT 2 BLK 66 LOT SIZE 50.000 X 150 OR 15773-1882 1292 5
Listing TermsCash, Conventional
Lot Size Square Feet7500
Lot Size UnitsSquare Feet
MLS Area32
Occupancy TypeCall Agent
PossessionClosing & Funding
PostalCityMiami Beach
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Structure TypeRetail
Tax Annual Amount55361
Tax Year2025
Tenant PaysElectricity
Virtual TourClick here
Year Built1925
Zoning Description6400
Exterior for 1558 Alton Rd
Building Area Total7762
Covered Spaces
Lot Size Area7500
Road Frontage TypeState Road
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Jeanette Eugenia Correa
Realtor®
