1920 Alton Road, Miami Beach, Florida 33139 USA

$23,000,000  Commercial / Investment MLS® A10984847

About this Property

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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Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Keller Williams Realty Premier.
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