Log In/Sign Up
Your email has been sent.
South Beach commercial & Redevelopment 1441 Alton rd 8,006 SF 100% Leased Retail Building Miami Beach, FL 33139 $11,000,000 ($1,373.97/SF) 5.56% Cap Rate
Executive Summary
Exceptional Miami Beach commercial and redevelopment opportunity at 1441 Alton Road. Existing 8,006 SF retail building situated on a prime 18,300 SF lot with three equally sized retail spaces and 19 on-site parking spaces. Two spaces are leased to national tenants 7-Eleven and GoPuff, each paying $17,000 per month, providing strong in-place income. The third space is vacant and can be leased at similar rates, offering immediate upside. CD-2 zoning allows for significant redevelopment potential, including up to 34,364 SF, 50 ft height, up to 39 residential units, commercial or office space. Ideal for investors or developers seeking income with long-term growth potential.
Data Room Click Here to Access
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,006 SF
Year Built
1966
Price
$11,000,000
Price Per SF
$1,373.97
Cap Rate
5.56%
NOI
$612,000
Percent Leased
100%
Building Height
1 Story
Zoning
CD-2 - CD-2 zoning allows for significant redevelopment potential, including up to 34,364 SF, 50 ft height, up to 39 residential units, commercial or office
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 7-Eleven
- Retailer
- -
- -
- -
- Gopuff
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 7-Eleven | Retailer | - | - | - | ||
| Gopuff | Retailer | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-4203-009-9160 | Improvements Assessment | $760,000 |
| Land Assessment | $4,575,000 | Total Assessment | $5,335,000 |
Property Taxes
Parcel Number
02-4203-009-9160
Land Assessment
$4,575,000
Improvements Assessment
$760,000
Total Assessment
$5,335,000
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
South Beach commercial & Redevelopment | 1441 Alton rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.