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1235 Alton Rd

$2,800,000

1235 Alton Rd, Miami Beach, FL 33139

Active
Last Updated: 06/13/2025

2,642 sqft

Building Size

1

Units

Details:
Building Size:    2,642 sqft
Units:    1
Year Built:    1934
Highlights:
  • Documents Available: Owner Managed
  • Parking Features: Free Parking
Description:

OWNER MOTIVATED! Rare opportunity to OWN a building on Alton Rd with PRIVATE Parking lot behind the property! Prime location on Miami Beach's busiest commercial corridor in The Flamingo Historic District. Build outs are subject to the approval of the Preservation Board. Surrounded by numerous commercial buildings, multiple large rental and condo buildings as well as single-family homes. 2 UNITS Currently occupied by a dentist office and a real estate office. Seller willing to owner finance or ability to assume the existing mortgage. Collect rents while you plan to develop and a great possibility of acquiring adjacent properties for a larger footprint to build on. 35,000 cars pass daily. BE PART OF THE TRANSFORMATION OF ALTON RD AND ALL THE NEW BUILDINGS BEING BUILT

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Today's Available Mortgage Rates

8706 5th Ave, Brooklyn, New York 11209

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 07/04/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$5,315 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 36% LTV $0 Lender fees
Loan Amount $828,000 Loan Amount
Details
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$5,231 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 35% LTV $0 Lender fees
Loan Amount $805,000 Loan Amount
Details
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$5,281 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 35% LTV $0 Lender fees
Loan Amount $805,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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