1558 Alton Road, Miami Beach, FL 33139
$5,000,000 · $644 per sq ft · Retail for sale
- Property type: Retail
- Asking price: $5,000,000
- Price per sq ft: $644
- Building size: 7,762 sq ft
- Lot size: 7,405 sq ft
- Zoning: 6400
- Year built: 1925
- Units: 4
- Occupancy: 50%
- Tenant pays: Electricity, Interior Electric
- Parcel ID: 0232340180510
- MLS#: A11956142
About this property
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.
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| Shop(s) | — | — | — | — | — |
| Shop(s) | — | — | — | — | — |
| Shop(s) | — | — | — | — | — |
| Shop(s) | — | — | — | — | — |
Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.
Operating Statement
| Property taxes | $55,361/yr |
|---|
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 1558 Alton Road
- Included: Building, Land
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
BHHS EWM Realty · basick.c@ewm.com · Listing agent: Ben Brissi
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1558 Alton Road or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 1558 Alton Road
- How much is 1558 Alton Road?
- 1558 Alton Road is listed at $5,000,000, about $644 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 1558 Alton Road zoned?
- The listing reports zoning of 6400. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 1558 Alton Road?
- The listing reports 7,762 square feet of building.
- When was 1558 Alton Road built?
- 1558 Alton Road was built in 1925. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 1558 Alton Road?
- The listing reports annual property taxes of $55,361 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 1558 Alton Road?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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