901 Pennsylvania Ave

Miami Beach

$3,725,000
Commercial

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.
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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

Amenities

  • Central Air Conditioning
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BUILDING/PROPERTY DETAILS

  • Air Conditioning
  • No Pets
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