Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

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!

Address Details
FL
Miami-Dade County
Miami Beach
33139
1920 Alton Road
0
Other
290
: 1 To 3 Year Lease
: All Cash, Conventional/refinance, Cash, Other Terms
: City Street, County Road
1
: Sale
$142,888
6400

Commercial Sale For Sale

1920 Alton Road, Miami Beach, Florida 33139

25,600 Sqft
$23,000,000
Listing ID #A10984847
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A10984847
Price : $23,000,000
Year Built : 1960
Lot Area : 25,600 Sqft
Building Area : 20,713 Sqft
Status : Active
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