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Price: $3,795,000 MLS Number: A11066759  Commercial / Investment - SOLD
 Address: 901 Pennsylvania Ave, Miami Beach, Florida 33139 USA
 Lot Square Feet: 7,500
 
 Lot Dimensions: 75x100
 
 Date Sold: 01/31/2022
 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.
 
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