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28253881
28253882

1828 Alton Rd, Miami Beach, FL 33139

AP
FL 3160379
Porosoff Group
JN
NY NY 10401310452
Compass Commercial
Listed by Porosoff Group, Compass Commercial
$7,200,000
202 days on market
Updated 91 days ago

1828 Alton Rd

Details
APN 02-3233-012-0160
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 5,606
Net Rentable (SqFt) 5,606
Cap Rate 5.6%
NOI $403,000
Lease Type NNN
Lease Expiration 12/31/2029
Remaining Term 3.6
Price per SqFt $1,284
Year Built 1940
Buildings 1
Lot Size (SqFt) 8,000
Zoning CD-2
Investment Type Value Add

Retail | 5.60% CAP | 5,606 SqFt

Marketing description

The Porosoff Group is pleased to present 1828 Alton Road, a prime commercial property in the highly sought-after Sunset Harbor submarket of Miami Beach, available for sale. Located in a rapidly transforming area attracting significant capital investment, the area features a new Whole Foods, Class-A office developments, high-end restaurants, health & fitness facilities, and private clubs. The property offers ±6,250 SF of interior space, comprising 15 individual rooms and a reception area, with full electrical capacity including two 800 AMP panels. Situated on an 8,000 SF lot and zoned CD-2, the site provides flexible redevelopment potential. It is ideally suited for a boutique Class-A office building—perfect for a family office—or as a retail investment property.

Rent Schedule

2026: $403,175

2027: $415,270

2028: $427,728

2029: $440,560

Investment highlights

  • Trendy, Upscale neighborhood with over 500 luxury condominiums

  • Flexible CD-2 zoning will allow for a wide range of uses including retail, office, and apartments

  • Huge mix of amenities nearby with walk score of Walker’s Paradise (93)

Listing Contacts

AP
FL 3160379
Porosoff Group
JN
NY NY 10401310452
Compass Commercial
Listed by Porosoff Group, Compass Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$403,000.00
$33,583.33/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Arthur Porosoff
License
3160379
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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