1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139 1920 Alton Road, Miami Beach FL 33139
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$23,000,000
324 days
For Sale • 0 BEDS • 0 BATHS • 0 SQFT

Overview

Trophy Property in superior location with highest traffic count on Miami Beach! Apart from the prime incredible location, the building has been beautifully constructed inside and out. NNN Renters are in line for back up to rent this property. NNN pro-forma rent brings in a cap rate of 5%(currently 50% owner occupied). In addition, the property has a incredible additional value component which is the new zoning change. CD-2 Zoning now allows the property to go up to over 65 Feet height and is allowed to build 50,000 sq.ft. total. The FAR is 2.0! Any firm or end user that is seeking a trophy asset in Miami Beach with a amazing location and a great return plus additional value component; this deal is a one of a kind and is available!

Facts and features

Type:
Commercial Sale
Year Built:
1960
Heating:
No Data
Cooling:
No Data
Parking:
No Data
Lot:
25,600 Square Feet
Price/sqft:
No Data

Estimate

$569,485
Estimated sales range: $176,540 - $1,138,970

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2021-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Realty Premier