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Vacant-User

1520 Alton Road

1520 Alton Rd, Miami Beach, FL 33139

Listing Price: $5,250,000

Gross SF
5,250
Rentable SF
5,250
Price/Gross SF
$1,000.00
Lot Size
0.17 acres
Year Built
1939

Investment Overview

Marcus & Millichap is proud to exclusively market 1520 Alton Road, a vacant retail/office property located in the heart of the Alton Road commercial corridor in Miami Beach, Florida. The 5,250 square foot one-story building sits on 7,500 square feet of land and has 50’ of frontage on busy Alton Road just north of the intersection with 15th street. The immediate area is densely populated with both commercial buildings and multiple large rental and condominium apartment complexes. This property is ideal for a retail or office owner-user who is looking for their own space in a central South Beach location. The property also has a rear surface parking lot that can accommodate approximately 10 cars on the west side of the building allowing more private access to the rear of the property. 1520 Alton Road has an exceptional layout with no interior columns and very high ceilings, making it an ideal opportunity for a restaurant renovation or open office layout. The building includes vintage roll up garage doors for a warehouse feel while in a bustling commercial section of Miami Beach. The property is also ideal to be subdivided into multiple bays fronting both Alton Road and Alton Court, allowing an investor the option to renovate and re-rent the property for a return.

Investment Highlights

  • Rare Alton Road Vacant Retail/Office Investment Opportunity
  • Ideal for Retail/Office Owner-User Looking for Signage and a South Beach Presence
  • Property is Vacant and Configured So That an Investor Can Subdivide and Re-Rent the Property to Multiple Tenants
  • The Property is Rectangular with No Columns and Ceiling Height Well Over 20 Feet, Ideal for Restaurant or Creative Office/Retail Renovation
  • Alton Road Is a Premier South Beach (Miami Beach) North/South Commercial Corridor, Surrounded by Other Retailers and Multiple Large Residential Rental and Condominium Buildings
  • The Property Has Excellent Visibility With 50' of Frontage Along the West Side of Alton Road
  • CD-2 Commercial Zoning Allows for Retail, Office and Apartment Uses
  • The Property Has Approximately 10 Surface Parking Spaces on the West Side of the Property with Access from Alton Court

Exclusively Listed By

Financing By

Vacant-User

1520 Alton Road

Listing Price: $5,250,000

Gross SF
5,250
Rentable SF
5,250
Price/Gross SF
$1,000.00
Lot Size
0.17 acres
Year Built
1939

Investment Highlights

  • Rare Alton Road Vacant Retail/Office Investment Opportunity
  • Ideal for Retail/Office Owner-User Looking for Signage and a South Beach Presence
  • Property is Vacant and Configured So That an Investor Can Subdivide and Re-Rent the Property to Multiple Tenants
  • The Property is Rectangular with No Columns and Ceiling Height Well Over 20 Feet, Ideal for Restaurant or Creative Office/Retail Renovation
  • Alton Road Is a Premier South Beach (Miami Beach) North/South Commercial Corridor, Surrounded by Other Retailers and Multiple Large Residential Rental and Condominium Buildings
  • The Property Has Excellent Visibility With 50' of Frontage Along the West Side of Alton Road
  • CD-2 Commercial Zoning Allows for Retail, Office and Apartment Uses
  • The Property Has Approximately 10 Surface Parking Spaces on the West Side of the Property with Access from Alton Court

Investment Overview

Marcus & Millichap is proud to exclusively market 1520 Alton Road, a vacant retail/office property located in the heart of the Alton Road commercial corridor in Miami Beach, Florida. The 5,250 square foot one-story building sits on 7,500 square feet of land and has 50’ of frontage on busy Alton Road just north of the intersection with 15th street. The immediate area is densely populated with both commercial buildings and multiple large rental and condominium apartment complexes. This property is ideal for a retail or office owner-user who is looking for their own space in a central South Beach location. The property also has a rear surface parking lot that can accommodate approximately 10 cars on the west side of the building allowing more private access to the rear of the property. 1520 Alton Road has an exceptional layout with no interior columns and very high ceilings, making it an ideal opportunity for a restaurant renovation or open office layout. The building includes vintage roll up garage doors for a warehouse feel while in a bustling commercial section of Miami Beach. The property is also ideal to be subdivided into multiple bays fronting both Alton Road and Alton Court, allowing an investor the option to renovate and re-rent the property for a return.

Exclusively Listed By

Financing By

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