Commercial Industrial – 1920 ALTON ROAD, Miami Beach
1920 ALTON ROAD, Miami Beach
$23,000,000 USD
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| Address | 1920 ALTON ROAD, Miami Beach |
| Type of Business | Restaurant / Bar, Retail Space |
| Price | $23,000,000 |
| Property Status | Active |
| MLS Number | A10984847 |
| Property Size | 25600 |
| Lot Size | 25600 |
| Year Built | 1960 |
| Folio Number | 02-32-33-022-0030 |
| Zoning Information | 6400 |
| Days on Market | 43 |
Detailed Description: 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 ft 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!
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1920 ALTON ROAD |
| Section | 33 |
| Zip Code (4 Digits) | 1507 |
Financial Information
| Price | $23,000,000 |
| Price per Foot | $0 |
| Folio Number | 02-32-33-022-0030 |
| Tax Amount | $142,888 |
Full Descriptions
| Detailed Description | 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 ft 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! |
| How to Reach | Alton Road and 19th Street on Miami Beach |
Property parameters
| Living Area | 25600 |
| Lot Size | 25600 |
| Total Acreage | 0.000 |
| Zoning Information | 6400 |
| Maximum Leasable Size | 25600 |
| Year Built | 1960 |
| Type of Business | Restaurant / Bar, Retail Space |
| Listed with | Keller Williams Realty Premier |
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