901 Pennsylvania Ave, Miami Beach, FL 33139

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.

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Douglas Elliman.