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    1920 Alton Road

    Miami Beach, FL 33139
    • $23,000,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: A10984847
    UPDATED: 37 min ago
    $23,000,000
    • 0
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    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 Feet 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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    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-03-02T19:44:04.197.
    www.buyhotfloridahomes.com/homes/113351164
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    1920 Alton Road Miami Beach, FL 33139

    • Price: $23,000,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: A10984847
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    1960
    Built
    County:
    Miami-Dade
    Property 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 Feet 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!
    Exterior Features

    Pool Private YN No View YN No Waterfront YN No

    Interior Features

    Building Area Total 20713

    Property Features

    Association YN No Business Type Restaurant/BarRetail Space Documents Available Aerial Photo(S)Financial StatementCopy Of Lease(S)Owner ManagedPhotosRent RollsSite PlansExisting Survey Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Land Lease YN No Lease Term 1 To 3 Year Lease Listing Terms All CashCashConventional/RefinanceOther Terms New Construction YN No Public Survey Section 33 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 142888 Tenant Pays A/C & Heating Maintenance

    Listing courtesy of Keller Williams Realty Premier.


    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-03-02T19:44:04.197.
     
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