Commercial Real Estate Property For Sale In Miami Beach

901 Pennsylvania Ave Miami Beach, FL 33139
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$3,795,000

  • 1948 Year Built
  • Jul 07, 2021 Listing Date

MLS #

:

A11066759

Price

:

$3,795,000

Status

:

Active

Listing Date

:

Jul 07, 2021

Square Footage

:

Not Available

County

:

Miami-Dade

Square Footage

:

Not Available

Year Built

:

1948

Taxes

:

$54,207 Per Year

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

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.

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Disclaimer: Data provided is deemed reliable but not guaranteed. Sunny Realty is not responsible for the accuracy of the information listed above. The data relating to real estate for sale, rent or sold on this web site comes from the Internet Data Exchange Program, South East Florida Regional MLS, presented by Sunny Realty, courtesy of Douglas Elliman and is provided here for consumers personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked with the IDX logo.

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