1558 Alton Rd, Miami Beach FL 33139 | Miami-Dade County | A11956142
  • $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: Alton Rd
  • City: Miami Beach
  • Zip/Postal Code: 33139

Details

Updated on July 2, 2026 at 7:46 am
  • Property ID A11956142
  • Price $5,000,000
  • Year Built 1925
  • Property Status Active, Commercial Sale

Additional details

  • Annual Tax 55361
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance
  • Waterfront No
  • Structure Type Commercial, Free Standing, Office/Retail, Office, Professional, Retail
  • Tax Year 2025
  • Building Area 7762
  • Inclusions Building & Land
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 7500

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Christopher Lazaro

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