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Multi-Family

ALTON & 8TH

755 Alton Rd, Miami Beach, FL 33139

Listing Price: $2,700,000

Lot Size
0.17 acres
Price/Acre
$15,681,600
Land Type
Land
Buildable Square Feet
15,000

Investment Overview

Marcus & Millichap is pleased to present this rare development opportunity. Currently, there are four apartments generating over $75,000 gross annual income. The adjacent property, 1150 8th Street, is currently listed for sale creating the ability to build over 30 luxury hotel units combined, potentially generating over $1,500,000 gross annual income. Both properties are zoned CD-2 Commercial which includes allowable uses such as retail store, office, personal services, restaurant/bar, hotel, apartment building or mixed-use.

Investment Highlights

  • Excellent visibility with 51,000+ cars driving by daily. Easy access to MacArthur Causeway and public transportation.
  • Located in one of the greatest development locations in the world, South Beach.
  • Walking distance from Miami's beautiful sandy beaches, marina, shopping and restaurants.
  • Active individuals & families will enjoy a new 3-acre park which includes a tot lot, dog park and green space connected to the baywalk and beachwalk by an elevated pedestrian bridge. (Late 2021)
  • Ideal location in Miami Beach to develop high-end boutique short-term dwellings or full time residences.

Exclusively Listed By

Financing By

Listing Price: $2,700,000

Lot Size
0.17 acres
Price/Acre
$15,681,600
Land Type
Land
Buildable Square Feet
15,000

Investment Highlights

  • Excellent visibility with 51,000+ cars driving by daily. Easy access to MacArthur Causeway and public transportation.
  • Located in one of the greatest development locations in the world, South Beach.
  • Walking distance from Miami's beautiful sandy beaches, marina, shopping and restaurants.
  • Active individuals & families will enjoy a new 3-acre park which includes a tot lot, dog park and green space connected to the baywalk and beachwalk by an elevated pedestrian bridge. (Late 2021)
  • Ideal location in Miami Beach to develop high-end boutique short-term dwellings or full time residences.

Investment Overview

Marcus & Millichap is pleased to present this rare development opportunity. Currently, there are four apartments generating over $75,000 gross annual income. The adjacent property, 1150 8th Street, is currently listed for sale creating the ability to build over 30 luxury hotel units combined, potentially generating over $1,500,000 gross annual income. Both properties are zoned CD-2 Commercial which includes allowable uses such as retail store, office, personal services, restaurant/bar, hotel, apartment building or mixed-use.

Exclusively Listed By

Financing By

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