USD 3,795,000

901 Pennsylvania Ave
Miami Beach, Florida 33139

For Sale

Property Description

Most unique multifamily property on South Beach now being offered for sale. A combination of three retail outlets on the ground floor, anchored by UPS, one office tenant, and six oversized one bedroom apartments on the second floor. The property has a cap rate close to 6%. Huge upside as the property is centrally located next to Washington Avenue, which has been designated by the city of Miami Beach as a Business Improvement District (BID). The new 300 room Moxie Hotel has just opened directly across the street from the property on Washington. The retail stores have front and rear entrances which attach to a Miami Beach Municipal parking lot.

Listed by 1111 Lincoln Road

Property Details

ID #
A11066759
Status
Sale
Type
Commercial, Industrial, Mixed use
Zip Code
33139
Year Built
1948
Building Feature
Air Conditioning
Floor
Concrete Floors, Tile Floors
Occupancy
Call Listing Agent
Roof
Composition Roll
Type of Building
Residential-Multi-Family
Utilities
Internet
Zoning Information
4800

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