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1558 Alton Rd, Miami Beach, FL 33139
Offering:
For Sale
Location:
Miami Beach, FL 33139
Status:
Active
$5,000,000
Deemed reliable but not guaranteed.
Details
Year built:
1925
Lot size:
7,500 sq ft
Days on market:
139
Annual tax (2025):
$55,361
Type:
Retail
MLS ID
A11956142
Virtual tour:
Listed by:
BHHS EWM Realty (EWM 04)
Listing office phone:
305-674-4000
Listing office email:
Listing agent:
Ben Brissi (3288847)
Utilities
Water source:
Public
Sewer:
Public Sewer
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.
Price history
$5,000,000 → $5,000,000
· 1 price changes
Location
1558 Alton RdMiami Beach, FL 33139
MLS information
Last updated Jun 18, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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