A quarter-acre commercial lot in the Sunset Harbour neighborhood of South Beach just went up for sale at $6.9 million.
Located at 1790 Alton Road, the lot is zoned for retail and already has approval from the city for a four-story retail building.
There are also plans for a two-story, multi-tenant building that is awaiting approval from Miami Beach.
Javier Angel, one of the lot’s listing agents with Fortune International Realty, told The Real Deal that the owner originally wanted to build a furniture showroom at the property, but then shifted his interests elsewhere.
The plans are what the owner conceptualized for his building, but Angel told TRD that the property can be built-to-suit as well.
Angel is working with Alfonso Jaramillo to sell the property. He said the lot has been listed for two weeks, and its location is sure to generate a lot of interest.
“Properties in South Beach are very sparse,” he told TRD. “The value of this site is the car traffic and its visibility, as well as its proximity to Lincoln Road.”
Nearby, Miami Beach’s Sunset Harbour Shops, developed by Scott Robins Companies in a public/private partnership, has signed leases with new retail and restaurant tenants to reach 100 percent occupancy, Robins told TRD in January.