901 Pennsylvania Ave

    Miami Beach, FL 33139
    • $3,695,000
    • STATUS: Active
    • ON SITE: 47 days
    • MLS #: A10681701
    UPDATED: 60 min ago
    $3,695,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    42
    Type:
    Commercial
    Built:
    1948
    County:
    Area:
    42

    School Ratings & Info

    Description

    Reduced for immediate sale at $ 3,695,000 a unique property centrally located on south beach.The property combines excellent retail stores on the first floor anchored by United Parcel Service ( UPS ) with six over sized one bedroom apartments on the second floor.The property is 100% occupied with a cap rate over 5% with a huge upside as it is located next to Washington Avenue which has been designated by the city as a Business Improvement District (BID )Two new hotels are going up in the immediate area,a 202 room hotel will begin construction this year on the east side of Washington Avenue between 9th & 10th Streets,and a 300 room hotel is currently being constructed on the east side between 6th & 7th Streets and will be open in early 2020.Municipal parking in the rear of the property.

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    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-07-16T09:41:16.15.
    www.southfloridahomefinderteam.com/homes/95301315

    901 Pennsylvania Ave Miami Beach, FL 33139

    • Price: $3,695,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: A10681701
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1948
    Built
    Neighborhood:
    42
    County:
    Miami-Dade
    Area:
    42
    Property Description
    Reduced for immediate sale at $ 3,695,000 a unique property centrally located on south beach.The property combines excellent retail stores on the first floor anchored by United Parcel Service ( UPS ) with six over sized one bedroom apartments on the second floor.The property is 100% occupied with a cap rate over 5% with a huge upside as it is located next to Washington Avenue which has been designated by the city as a Business Improvement District (BID )Two new hotels are going up in the immediate area,a 202 room hotel will begin construction this year on the east side of Washington Avenue between 9th & 10th Streets,and a 300 room hotel is currently being constructed on the east side between 6th & 7th Streets and will be open in early 2020.Municipal parking in the rear of the property.
    Exterior Features

    Construction Type Cbs Construction Num Loading Doors 0 Num Parking Spaces 0 Road Type Description DividedTwo Lane Waterfront Property Yn No

    Interior Features

    Cooling Description Central Building A/CCentral Individual A/C Floor Description Concrete Floors Heating Description Central Electric Interior Ceiling Height 10.0000 Maximum Ceiling Height 10.0000 Num Offices 10

    Property Features

    Approximate Lot Size 7500 Electric Service 110 Volts Power Fire Protection Smoke Detector Flood Zone Ae Insurance Expense 5608 Location Of Property City LocationCorner Lot Lot Frontage 100 Num Bays 0 Ownership Corporation Reo YN No Sale Includes Building & LandFixtures Sale Includes Incl Equipment Section 3 Sewer Description Public Sanitation Short Sale Yn No Special Information Flood Zone Subdivision Complex Bldg 901 Tax Amount 50771 Tax Year 2018 Terms Considered All CashConventional/Refinance Typeof Property Commercial Water Description Public Water Year Built Description Resale

    Listing courtesy of Douglas Elliman.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-07-16T09:41:16.15.
     
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