901 Pennsylvania | A 10-Unit Multifamily/Office Opportunity

$4,179,000

901 Pennsylvania Avenue, Miami Beach, FL 33139

For Sale

Office Building

Active

Last Updated: 04/26/2023

Details:

Cap Rate: 4.71%

NOI: $196,858

Building Size: 6,498 sqft

Lot Area: 0.1722 acres

Occupancy: 90%

Class: B

Units: 10

Year Built: 1948

Floors: 2

Offered by

Jemea Kingsby

J+ Group | Compass Commercial

#3466947

Request Info to Unlock

Highlights:

Flex Residential and Office Units
Owner-User Opportunity
Low Vacancy Building
Stabilized Income
Hard Corner Lot
Core Asset

Description:

A Miami Beach gem with flex-use. This 10-Unit, two-story freestanding building consists of six (6) upstairs residential apartments and four (4) downstairs commercial units. Located on a hard corner lot of 7,500 SqFt in the heart of South Beach at Pennsylvania Ave and 9th Street with clear visibility from Washington Ave. This unique stabilized income-generating asset offers opportunities for retail growth, owner-user occupancy, and redevelopment.

Adjacent to the Washington Ave & 9th St public parking lot, retail users have ample parking for clientele while the Pennsylvania Ave frontage has a beautiful courtyard
and upstairs residential entry.