$5,000,000
1558 Alton Rd, Miami Beach FL 33139
Retail
Built in 1925
7,500 Square Feet lot
62 days on market
About this property
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.
Property Details
Exterior
- Lot Features: City Location
- Waterfront: No
Interior
- Building Area Total: 7762
Location
- City: Miami Beach
- County: Miami-Dade County
- State: FL
- Road Frontage (Length/Type): State Road
- Zoning: 6400
Construction
- New Construction: No
- Sewer: Public Sanitation
- Water Source: Public
Public Info
- Lot Size: 7,500 Square Feet
- Year Built: 1925
- APN: 02-32-34-018-0510
Tax Information
- Annual Tax Amount: $55,361
- Tax Year: 2025
Price History
| 4/2/2026 |
Listed for Sale
Source: Miami REALTORS® |
$5,000,000 |
Kevin McCarthy
RACVantage Managing Broker | Commercial Real Estate Advisor