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- LoopNet Team
1609 Alton Rd
Miami Beach, FL 33139
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Air Conditioning
ABOUT 1609 ALTON RD , MIAMI BEACH, FL 33139
1609 Alton Road consists of 4,650 square feet of ground floor retail and a 4,200 square feet of second floor medical office. The two ground floor retail suites are currently leased while the second-floor medical office suite will be master leased by the current owner for two years. Additionally, the property has twelve on-site parking spaces which is extremely rare in Miami Beach. Sobe Liquors, which occupies 2,000 square feet of ground floor retail space, has four years remaining on a below-market, modified gross lease. Sky Nails & Spa, which occupies 2,650 square feet of ground floor space, is on a new seven-year NNN lease with one five-year option. The rent for Sky Nails & Spa starts at about $105.00 per square foot with three percent annual increases. 1609 Alton Road presents an investor significant long-term upside leasing through future up leasing of the first floor.
PROPERTY TAXES
| Parcel Number | 02-3234-018-0320 | Improvements Assessment | $4,250,000 |
| Land Assessment | $2,250,000 | Total Assessment | $6,500,000 |
PROPERTY TAXES
