Commercial Industrial – 1920 ALTON ROAD, Miami Beach -001-11-30T00:00:00-05:00
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 r

1920 ALTON ROAD, Miami Beach

$23,000,000 USD
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Address1920 ALTON ROAD, Miami Beach
Type of BusinessRestaurant / Bar, Retail Space
Price$23,000,000
Property StatusActive
MLS NumberA10984847
Property Size25600
Lot Size25600
Year Built1960
Folio Number02-32-33-022-0030
Zoning Information6400
Days on Market276

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
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Address1920 ALTON ROAD
Section33
Zip Code (4 Digits)1507
Financial Information
Price$23,000,000
Price per Foot$0
Folio Number02-32-33-022-0030
Tax Amount$142,888
Full Descriptions
Detailed DescriptionTrophy 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 ReachAlton Road and 19th Street on Miami Beach
Property parameters
Living Area25600
Lot Size25600
Total Acreage0.000
Zoning Information6400
Maximum Leasable Size25600
Year Built1960
Type of BusinessRestaurant / Bar, Retail Space
Listed withKeller Williams Realty Premier