USD 23,000,000

1920 Alton Road
Miami Beach, Florida 33139

For Sale

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!

Listed by Keller Williams Realty Premier

Property Details

ID #
A10984847
Status
Sale
Type
Commercial, Industrial
Zip Code
33139
Year Built
1960
Lease Term
1 To 3 Year Lease
Occupancy
Tenant Occupied
Road Frontage
City Road, County Road
Type of Building
Restaurant/Bar
Utilities
Internet
Zoning Information
6400

Similar Listings