Turnkey Corner Office/Retail
For Sale
Contact for pricing
901 Pennsylvania Ave CU-2, Miami Beach, FL 33139
Corner unit with three entry points and window signage for flexible office or boutique retail use.
Property Size7,500 SF
Price / SF$0.06
Days on Market152
Property Features for 901 Pennsylvania Ave CU-2
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Zoning
RO
Additional Details
Multifamily Units
6
Building Details
Building Size
7,500 SF
Year Built
1948
Stories
2
Listing Agency:
Compass Florida, LLC
Listed By:
Joseph Biscaha · License #A12026140
(786) 881-9894
Source:
Elliman
Added: Jun 1
Changed: Oct 30
Last Checked: Oct 28 at 8:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This turnkey commercial unit is situated on the south corner of a two-story, 10-unit free-standing building and is set up as a move-in ready space for an office or boutique shop. The suite has previously been used as a medical clinic and a hair salon, and it is currently built out to support an office/retail configuration.
The property is located in South Beach at the intersection of Pennsylvania Avenue and 9th Street, with visibility from Washington Avenue. The corner placement provides three entry points and potential for window signage, with exposure from all three streets. The building includes 4 commercial units connected to a city parking lot facing Washington, with 6 upstairs residential apartments.
With current office/retail buildout and prominent corner access, the space can fit a variety of professional and retail tenants. The building is zoned RO, and interested users should confirm specific business allowance with the City of Miami Beach. Accessibility and mobility options are strong, with high Walk Score and Very Bikeable bike score, and good transit score.
The property is located in South Beach at the intersection of Pennsylvania Avenue and 9th Street, with visibility from Washington Avenue. The corner placement provides three entry points and potential for window signage, with exposure from all three streets. The building includes 4 commercial units connected to a city parking lot facing Washington, with 6 upstairs residential apartments.
With current office/retail buildout and prominent corner access, the space can fit a variety of professional and retail tenants. The building is zoned RO, and interested users should confirm specific business allowance with the City of Miami Beach. Accessibility and mobility options are strong, with high Walk Score and Very Bikeable bike score, and good transit score.
Key Highlights
- Move‑in ready 700 SF corner commercial unit with 3 entry points and window signage opportunity
- Corner unit at Pennsylvania Ave & 9th St with visibility from Washington Ave and high foot traffic
- Unit is currently built out for an office or boutique shop (previously used as a medical clinic and hair salon)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,223
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,460
$184.5K
Cap Rate 7%
$131,757
$131.8K
Cap Rate 9%
$102,478
$102.5K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$16.8K $24.00/SF
− Vacancy
−$1.4K −$2.04/SF
EGI
$15.4K $21.96/SF
− OpEx
−$6.1K −$8.78/SF
NOI
$9.2K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,460
Cap Rate 7%
$131,757
Cap Rate 9%
$102,478
Alternative Uses
Best Use
Office B
$265.1K
$231.9K – $309.2K
NOI $18,554 @ 7.0% cap · market cap 41,231.11%
Second Best
Retail
$169.1K
$148.0K – $197.3K
NOI $11,836 @ 7.0% cap · market cap 26,302.22%
Theoretical Best
Office A
$355.1K
$310.8K – $414.3K
NOI $24,860 @ 7.0% cap · market cap 55,244.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,811
Businesses Nearby
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Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Corner unit with three entry points and window signage for flexible office or boutique retail use.
Where is this office unit located?
The property is located at 901 Pennsylvania Ave CU-2 Miami Beach, FL.
What are key features of this property?
This property features: Move‑in ready 700 SF corner commercial unit with 3 entry points and window signage opportunity; Corner unit at Pennsylvania Ave & 9th St with visibility from Washington Ave and high foot traffic; Unit is currently built out for an office or boutique shop (previously used as a medical clinic and hair salon)
