1920 Alton RdMiami Beach, FL 33140

Property Details for 1920 Alton Rd

Year built

1960

Construction

CONCRETE

Lot size

0.59 AC

Property size (Sq ft)

20,713 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02-3233-022-0030

APU

232330220030

Description

This exceptional retail and restaurant opportunity is located at 1920 Alton Road in the vibrant Sunset Harbor neighborhood of Miami Beach, Florida, 33140. The entire 12,545 square foot building is currently vacant and available for lease. This presents a unique chance to establish a flagship location or create a multi-tenant retail complex. The property is classified as commercial, with subtypes including retail, restaurant, and gym, offering flexibility for a variety of uses. The space is divisible, with a minimum leasable area of 2,664 square feet and a maximum contiguous space of 5,535 square feet. This allows for adaptability to suit different business needs and expansion plans. The property's prime location at the gateway to Sunset Harbor ensures high visibility and foot traffic, making it an ideal spot for businesses seeking strong brand exposure. This is a rare opportunity to secure a significant presence in one of Miami Beach's most desirable and dynamic commercial areas. The property's address is 1920 Alton Road, Miami Beach, FL 33140. The latitude and longitude coordinates are 25.7996083, -80.1420236 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $22,175,240

  6.5%

  $20,469,454

  7%

  $19,007,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,291,778

  Geo Method

  $12,291,778

• Alternative Use

  Use

  Valuation

  Residential

  $20,469,454

  Hospitality

  $18,749,908

  Educational

  $15,599,704

  Medical

  $16,136,202

  Retail

  $24,266,206

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7953

Longitude

-80.1417

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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