AGENTS
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.
PROPERTY DETAILS
- Exterior
- .17 Acres
- Property Type
- Commercial
- MONTHLY REAL ESTATE TAX
- $4,517
- Year Built
- 1948
- MLS/Listing ID
- A11066759
- Days On Market
- 210
NEARBY LISTINGS
949 Pennsylvania Ave , 307
Miami Beach
$186,000
1bed1bath
Listing Courtesy of Acquire Int'l Rlty, LLC
Address Not Available
Miami Beach
$3,300,000
Listing Courtesy of Related ISG International Realty
928 PENNSYLVANIA AV , 2
Miami Beach
$610,000
2beds2baths
Listing Courtesy of Real Estate Miami, Inc
928 PENNSYLVANIA AV , 7
Miami Beach
$575,000
2beds2baths
Listing Courtesy of Blue Mar R.E. Group