$4,695,000
Active
$4,695,000
5309 Alton
Miami Beach, FL 33140
6 bd5.5 ba6,011 sqft
La Gorce Golf Sub
$5,000,000139 days on marketActive
1558 Alton Road, Miami Beach, FL 33139
Miami Beach, FL 33139
0
Sq Ft
1925
Year Built
0.17 acres
Lot Size
Listing Snapshot
| List Price | $5,000,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.17 acres |
| Year Built | 1925 |
| Property Tax | $55,361/yr |
| MLS # | 1151929826 |
| Status | Active |
| Days on Market | 139 |
About This Home
Prime South Beach commercial opportunity on the west side of Alton Road, one of the area’s most visible and heavily trafficked corridors. 4-unit building totaling approx. 7,762 SF on a 7,500 SF lot as well as on-site parking for tenants. Currently 50% occupied with a ±1,400 SF frame shop paying $6,000/month and a ±2,800 SF language school paying $5,000/month. Current leases are below market. Two additional ground-floor spaces are vacant: a ±1,400 SF Alton Road–fronting retail unit and a ±2,100 SF rear space (formerly a flower shop). Pro-forma gross income approx. $367,500 annually; at market rents, income supports an attractive projected cap rate above 7% at stabilization, and incredible find in Miami Beach. CD-2 zoning allows future redevelopment up to ±15,522 SF and 60’ height.
General Features
- Property Type
- CommercialSale
- Sub-type
- Retail
- Zoning
- 6400
Interior Features
Exterior Features
- Lot Features
- CityLot,LessThanQuarterAcre
Community Features
- MLS Area
- 2320
Map
Virtual Tour
View Virtual TourListed by Ben Brissi · BHHS EWM Realty
MLS# 1151929826 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1151929826 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $4,000,000
%
Est. Monthly$31,900
Principal & Interest$27,287
Property Tax$4,613
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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