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1441 Alton rd
Miami Beach, FL 33139
South Beach commercial & Redevelopment · Retail Property For Sale
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,006 SF
Year Built
1966
Price
$15,034,799 CAD
Price Per SF
$1,877.94 CAD
Cap Rate
5.56%
NOI
$836,482 CAD
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
Property Taxes
| Parcel Number | 02-4203-009-9160 | Improvements Assessment | $1,039,399 CAD |
| Land Assessment | $6,256,907 CAD | Total Assessment | $7,296,306 CAD |
Property Taxes
Parcel Number
02-4203-009-9160
Land Assessment
$6,256,907 CAD
Improvements Assessment
$1,039,399 CAD
Total Assessment
$7,296,306 CAD
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