1570 Alton Rd - Storefront FOR SALE


Miami Beach, FL 33139- Flamingo
$8,200,000 USD
305-576-7474
1570 Alton Rd, Miami Beach, FL for Sale
$8,200,000 USD
Storefront - FOR SALE
1/13
null | Request Cap Rate

1570 Alton Rd
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Future upside as market rents increase
  • Consistent rental increases
  • Tenants: TD Bank, Sufrait Grill and Casa Green
  • Within blocks to Ocean Drive, Lincoln Road Mall, Espanola Way and South of Fifth
  • Minutes from the Design District, Wynwood, Magic City Innovation District, Little River and more
  • Onsite parking with immediate access to I-195 and I-95

OVERVIEW

Alton Road allows for convenient access to the main corridors of South Beach including SoFi, Lincoln Road, Venetian Causeway, MacArthur Causeway & I-195 by having relatively smoother traffic flow compared to the congestion often experienced on Collins Ave & Washington Ave, making it more practical for commuting and navigating around South Beach. The upscale residential neighborhoods surrounding Alton Road offer a quieter and more serene living/working environment compared to the more tourist-oriented Collins Ave and Washington Ave. Alton Road offers better accessibility and parking options for both customers and employees compared to the busy tourist areas of the beach. 1570 Alton Road brings investors stable income while capitalizing on future rent increases on Alton Road and surrounding retail corridors.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$1,952 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

CD-2, Miami Beach

APN/PARCEL ID

02-3234-018-0520

ASK ABOUT THIS PROPERTY

Lyle ChariffChariff Realty GroupMore Info
305-576-7474

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Lyle ChariffChariff Realty GroupMore Info
305-576-7474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.