Multi-Family
ALTON & 8TH
755 Alton Rd, Miami Beach, FL 33139
Listing Price: $2,000,000
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.
ALTON & 8TH
Investment Highlights
- Located in one of the greatest development locations in the world, South Beach.
- Walking distance from Miami's beautiful sandy beaches, marina, shopping & restaurants.
- Active individuals & families will enjoy a new 3-acre park connected to the baywalk and beachwalk by an elevated pedestrian bridge. (Late 2021)
- Ideal location in Miami Beach to develop high-end short-term dwellings or full time residences.
- Excellent visibility with 51,000+ cars driving by daily. Easy access to MacArthur Causeway and public transportation.
Exclusively Listed By
Financing By
Listing Price: $2,000,000
Investment Highlights
- Located in one of the greatest development locations in the world, South Beach.
- Walking distance from Miami's beautiful sandy beaches, marina, shopping & restaurants.
- Active individuals & families will enjoy a new 3-acre park connected to the baywalk and beachwalk by an elevated pedestrian bridge. (Late 2021)
- Ideal location in Miami Beach to develop high-end short-term dwellings or full time residences.
- Excellent visibility with 51,000+ cars driving by daily. Easy access to MacArthur Causeway and public transportation.
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
