Class A Trophy Asset with Add Value in Class A area!!!!
1920 Alton Road
Miami Beach, FL 33139
- Perfectly located
- Very well Built
- NNN INCOME Approx 5%
- Highest Traffic count in the city
- ** Add value play-Recent Miami Beach City iPhone to allow 50,000 Sq ft. And height 50 to 65
- Buyer purchases and can develop on top of Structure 30,000 sf
- Or Hold future value of Newly constructed Development
- By far the most attractive deal at the price point
Miami Beach's one of a kind Trophy Property! Class A asset in a superior location with highest traffic count in the city. The building consists of a total of 20,713 square feet. . It has been constructed perfectly with strength and precision. Beautiful finishes inside and out due work of the professionals in that business. The Restaurant comes with a spectacular kichen worth over $1 Million. NNN pro-forma rent brings in a Cap rate of 5%(currently 50% owner occupied). In addition, the property has an incredible additional value component which has the a upgrade in zoning. CD-2 Zoning now allows the property to go up to 65 Feet height and is allowed to build 50,000 sq.ft. total. The Floor to Area ratio was recently changed from 1.5 to 2.0 by the City of Miami Beach! Any individual, partnership, fund or end user that is seeking a trophy asset in Miami Beach a great return and location plus additional value component; this deal is one of a kind and is available!
Located in Sunset Harbor area of Miami Beach on a prime corner with full visibility from most traffic ed section of Alton Road with a 48,000 car per day count. Sunset Harbour is one of the best areas in Miami Beach and most central with the interstate acess to 3 direct roads to Miami mainland: I 195 4 minutes away, I 395 is 5 minutes away and the Venetian Causeway is less than a minute from the location. Also it is walking distance from all Venetian Islands, all the Sunset Islands and North Bay Road properties.