901 Pennsylvania Ave - Apartments FOR SALE


Miami Beach, FL 33139
$4,190,000 USD
786-227-1055
901 Pennsylvania Ave, Miami Beach, FL for Sale
$4,190,000 USD
Apartments - FOR SALE
1/52
null | Request Cap Rate

901 Pennsylvania Ave
Miami Beach, FL 33139


HIGHLIGHTS

  • Prime Corner Location
  • 4 Commercial Retail Tenants
  • New Roof (2023)
  • Access to Public Parking
  • Steps Away From Ocean Drive

OVERVIEW

Introducing 901 PENN, a premier investment opportunity in the heart of South Beach. This rare mixed-use property features six (6) residential apartments upstairs and four (4) ground-floor retail/office units. Situated on a 7,500 SF corner lot at Pennsylvania Ave & 9th Street, the property offers prime Washington Avenue visibility, ensuring sustained tenant demand. A stabilized income-generating asset, 901 PENN presents multiple investment pathways, including retail repositioning, owner-user occupancy, and redevelopment potential. Recent capital improvements, including a full roof replacement (2023), exterior paint, upgraded AC units, and additional planned enhancements, further strengthen long-term value. Positioned adjacent to a city-owned parking lot and steps from world-class attractions, sandy beaches, top hotels, and premier shopping, the property benefits from high foot traffic and an unbeatable location. With strong rental income and scheduled increases, 901 PENN is a highly lucrative investment in one of Miami’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

10

PRICE/UNIT

$419,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

901 PENN

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RO

APN/PARCEL ID

02-4203-009-0220

ASK ABOUT THIS PROPERTY

Juan SotolongoCompass CommercialMore Info
786-227-1055

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Juan SotolongoCompass CommercialMore Info
786-227-1055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.