Development
Opportunity
S O U T H B E A C H
Prime Intersection in
I n t e r c o a s t a l
N
V e n e t i a n C a u s e w a y
t i
A l t o n R o a d
l
A t l a n t i c O c e a n
V e n e t i a n C a u s e w a y e e t i a a s e a yN
A l t o n R o a d
l
Alton Road &
17th Street
Miami Beach, Florida
A l t o n R o a dA l t o n R o a d1 7th S t r e e t
t
L i n c o l n R o a d M a l l
i l
l l
L e n n o x A v e n u eL e n n o x A v e n u eN
Offering Summary:
Flagler Real Estate Services and Colliers Abood Wood Fay (“Flagler and Colliers”) have been jointly
retained to exclusively market two adjoining properties (“The Property”) on Miami Beach at the
intersection of Alton Road and 17th Street. The combined land is 15,000 square feet + and it contains
a Burger King restaurant and the adjoining parking lot to the south. The Property is being marketed as
a development opportunity at one of the most high visibility intersections on Miami Beach.
Consideration will be given to:
Development Experience
Proven Financial Strength
Length of Due Diligence Period
Time to Close
Contracts are the preferred offering format.
Terms: All Cash
Property/Neighborhood Tours: Upon request, Please do not disturb the tenant, Burger King
Land Use and Zoning:
The Property is zoned CD-2, Medium Commercial Intensity District. The main permitted uses include
offices, retail and residential including hotel and apartment hotel. Parking requirements are according
to the specific use. Set backs are minimal and are according to use.
The Floor Area Ratio is 1.5 on the net lot area (+ 15,000 SF). If 25% of the building is residential, then
the FAR is 2.0. The height restriction is 5 stories or 50 feet for all uses. There is no coverage ratio for
this zoning. The coverage is dictated by the set backs. Further information may be obtained by going
to Municode.com. Search for Sec. 142-300-under zoning for Miami Beach.
To Obtain The Offering Memorandum:
A confidentiality agre