1558 Alton Rd, Miami Beach FL 33139 | Miami-Dade County | A11956142
- $5,000,000
- $5,000,000
Description
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.
Address
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Address: Alton Rd
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City: Miami Beach
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Zip/Postal Code: 33139
Details
Updated on July 2, 2026 at 7:46 am-
Property ID A11956142
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Price $5,000,000
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Year Built 1925
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Property Status Active, Commercial Sale
Additional details
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Annual Tax 55361
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance
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Waterfront No
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Structure Type Commercial, Free Standing, Office/Retail, Office, Professional, Retail
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Tax Year 2025
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Building Area 7762
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Inclusions Building & Land
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Flood Zone AE
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New Construction No
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Lot Size (Sq Ft) 7500
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