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.