901 Pennsylvania Ave,Free Standing, Retail, Mixed Use, Residential-Multi-Family

901 Pennsylvania Ave, Miami Beach, Florida, 33139

Price $3,795,000.00

  • Lot size 7500
  • Year Build 1948
  • Waterfront
  • Zip 33139
  • Style
  • Parking Description
  • Pool Yes
  • Status Active

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.

Please contact listing agent to set up appointment.

OCEAN BEACH ADDN NO 3 PB 2-81 W75FT LOTS 7 & 8 BLK 35 LOT SIZE 75.000 X 100 OR 16033-0131 0793 1

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.

City:Miami Beach,Zoning:4800,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Tile,Latitude:25.77968,Malone Id:2034841048,Cooling Y N:1,Heating Y N:1,List Price:3795000,Listing Id:A11066759,Longitude:-80.1337209,Mls Status:Active,Year Built:1948,Postal Code:33139,Street Name:Pennsylvania Ave,Coordinates:1:25.77968,Gross Income:296100,Photos Count:6,Days On Market:90,Lot Size Units:Square Feet,On Market Date:2021-07-06,Parcel Number:02-42-03-009-0220,Property Type:Commercial Sale,Stories Total:2,Street Number:901,Public Remarks: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.,Structure Type:1:Retail,County Or Parish:Miami-Dade County,Expiration Date:2022-01-03,Private Remarks:Please contact listing agent to set up appointment.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5408,State Or Province:FL,Tax Annual Amount:54207,Unparsed Address:901 Pennsylvania Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Agency,Operating Expense:78000,Building Area Total:7266,Building Area Units:Square Feet,Lot Size Dimensions:75x100,Lot Size Square Feet:7500,Original List Price:3795000,Public Survey Range:42,I D X Participation Y N:1,Net Operating Income:218000,Syndication Remarks: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.,Listing Contract Date:2021-07-06,Originating System I D:miamire,Public Survey Section:3,Street Number Numeric:901,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 W75FT LOTS 7 & 8 BLK 35 LOT SIZE 75.000 X 100 OR 16033-0131 0793 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2021-07-06,Internet Address Display Y N:1,Number Of Units In Community:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $3,795,000.00
  • Price Change: 2021-07-06
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1948
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type Concrete, Tile
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-07-06
  • Days on Market 105
  • Furnished
  • City Miami Beach
  • Zip 33139
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 54207
  • Taxes Year