901 Pennsylvania Ave

$4,190,000

901 Pennsylvania Ave, Miami Beach, FL 33139

For Sale

Multifamily

Active

Last Updated: 02/10/2025

Details:

Building Size: 7,266 sqft

Units: 10

Year Built: 1948

Floors: 2

Offered by

Jesse Spencer

Commercial Real Estate Advisor

Compass Florida, LLC.

#3282789

Request Info to Unlock

Juan Sotolongo

J+ Group | Compass Commercial

#3302712

Request Info to Unlock

Highlights:

Number Of Buildings: 1
Cooling: Central Individual A/C
Heating: Central Electric
Flooring: Concrete, Tile

Description:

Introducing 901 PENN, a prime South Beach investment on a 7,500 SF corner lot at Pennsylvania Ave & 9th St. This mixed-use property features six (6) apartments & four (4) ground-floor retail units with Washington Ave visibility, ensuring strong tenant demand. A stabilized income-generating asset offering multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. Recent capital improvements—new roof (2023), exterior paint, AC units, & more. Positioned in a high-foot-traffic area, surrounded by hotels, restaurants, shopping, and nightlife, 901 PENN benefits from unbeatable exposure and walkability. With strong rental income and scheduled increases, this is a lucrative Miami investment in a world-class destination.