Berkshire Hathaway HomeServices EWM Realty
Listed by Berkshire Hathaway HomeServices EWM Realty, BHHS EWM Realty Miami Beach
$11,000,000
1441 Alton Rd
Details
APN 02-42-03-009-9160
Property Type Retail, Office
Sub Type Storefront, Shopping Center
Square Footage 8,006
Occupancy 67%
Tenancy Multi
Brand/Tenant 7-Eleven
Lease Type Gross
Lease Term 1
Remaining Term 1
Pro-Forma Cap Rate 5.60%
Pro-Forma NOI $612,000
Year Built 1966
Buildings 1
Stories 1
Acreage 0.420
Zoning CD-2
Investment Type Redevelopment
Exceptional South Beach commercial and redevelopment opportunity on Alton Road
Marketing description
Exceptional Miami Beach commercial and redevelopment opportunity at 1441 Alton Road. Existing 8,006 SF retail building situated on a prime 18,300 SF lot with three equally sized retail spaces and 19 on-site parking spaces. Two spaces are leased to national tenants 7-Eleven and GoPuff, each paying $17,000 per month, providing strong in-place income. The third space is vacant and can be leased at similar rates, offering immediate upside. CD-2 zoning allows for significant redevelopment potential, including up to 34,364 SF, 50 ft height, up to 39 residential units, commercial or office space. Ideal for investors or developers seeking income with long-term growth potential.
Listing Contacts
Berkshire Hathaway HomeServices EWM Realty
Listed by Berkshire Hathaway HomeServices EWM Realty, BHHS EWM Realty Miami Beach
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