DEVELOPMENT OR REPOSITIONING SITE. SW CORNER 10TH/ALTON ROAD, MIAMI BEACH. ACROSS FROM WHOLE FOODS MARKET. LOT 31,350 SF. TOTAL BUILDABLE +/- 62,700 SF. Site NOT encumbered by any historic designation. 209' frontage Alton Road. 150' frontage 10th Street. Site has 2 existing structures & Parking Lot w/50+ spaces. Each structure has single-tenant short-term lease. BLDG #1: 960 Alton Road (16,542 SF, 2-story corner offices HQ Royal Media Partners). BLDG #2: 930 Alton Road (4,856 SF 1-story Reebok Cross Fit Gym). New Owner can re-lease each bldg, make multi-tenant or redevelop. ZONED CD-2 Comm Med Intensity. FAR 2.0 if some residential. FAR 1.5 if commercial only. MAX BUILDABLE 5-STORIES or 60'-75'. Permitted Uses Retail/Office/Hotel/Residential/Storage/Mixed etc.
960 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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