Exceptional Miami Beach commercial and redevelopment opportunity at 1441 Alton Road. Existing 8,006 SF retail building situated on a prime 18,300 SF lot with three equally sized retail spaces and 19 on-site parking spaces. Two spaces are leased to national tenants 7-Eleven and GoPuff, each paying $17,000 per month, providing strong in-place income. The third space is vacant and can be leased at similar rates, offering immediate upside. CD-2 zoning allows for significant redevelopment potential, including up to 34,364 SF, 50 ft height, up to 39 residential units, commercial or office space. Ideal for investors or developers seeking income with long-term growth potential.
1441 Alton Rd, Miami Beach, FL, 33139
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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