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
4.71
Cap Rate
196,858
NOI
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
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.
Documents:
| Title | ||
|---|---|---|
| FOR LEASE 901 Penn Ave-1_LEASE_20FEB2023.pdf | ||
| OM_901_Pennsylvania_Ave_J_Group_Compass_Commercial_26APR2023.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
