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Listed price in listed location currency (USD).
$5,000,000

000

MLS® A11956142

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $55,361
Days Active 0
Approx. Age 1925
MLS® Number A11956142

Property Address: 1558 Alton Rd, Miami Beach, FL, 33139-3344

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberA11956142
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1925
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building & Land

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 30, 2026List Date
$5,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
1558 Alton Rd, Miami Beach, FL

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