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South Beach Mixed-Use Investment

901 Pennsylvania Ave, Miami Beach, FL 33139

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For Sale

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Mixed-use property with apartments and retail in prime location.

Type:Mixed Use, Multifamily, Office, Retail

Property size:

7,387 SF

Lot size:

0.17 Acres

Price / SF:

$514/SF

HighLights

Prime South Beach location on a 7,500 SF corner lot.
Mixed‑use property with six apartments and four retail/office units.
Stabilized, income‑generating asset with strong rental income and scheduled increases.
Recent capital improvements including a new roof (2023), exterior paint, and AC units.
High‑foot‑traffic area with Washington Ave visibility, near hotels, restaurants, shopping, and nightlife.
Multiple investment strategies: retail repositioning, owner‑user occupancy, or redevelopment potential.

We can help!

Contact an agent

Juan C. Sotolongo

For Sale

Contact for pricing

Mixed-use property with apartments and retail in prime location.

Type:Mixed Use, Multifamily, Office, Retail

Property size:

7,387 SF

Lot size:

0.17 Acres

Price / SF:

$514/SF

Added:: Feb 3, 2026
Days on Market:: 145
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 901 Pennsylvania Ave

General Information

Standard status: Active
Size: 7,387 SF
Lot size: 0.17 Acres
Property subtype: Mixed Use, Multifamily, Office, Retail

Building Details

Year Built: 1948

We can help!

Contact an agent

Juan C. Sotolongo

Listing office Compass Florida LLC

Listing date Feb 3, 2026

Source Crexi

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

HighLights

Prime South Beach location on a 7,500 SF corner lot.
Mixed‑use property with six apartments and four retail/office units.
Stabilized, income‑generating asset with strong rental income and scheduled increases.
Recent capital improvements including a new roof (2023), exterior paint, and AC units.
High‑foot‑traffic area with Washington Ave visibility, near hotels, restaurants, shopping, and nightlife.
Multiple investment strategies: retail repositioning, owner‑user occupancy, or redevelopment potential.

Overview

Located in South Beach on a 7,500 square foot corner lot at Pennsylvania Avenue and 9th Street, this mixed-use property at 901 PENN features six apartments and four ground-floor retail/office units. The property benefits from visibility on Washington Avenue, which ensures strong tenant demand. Recent capital improvements include a new roof installed in 2023, exterior paint, and AC units. The property is positioned in a high-foot-traffic area and is surrounded by hotels, restaurants, shopping, and nightlife, providing exposure and walkability. The property offers multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. The building has a total size of 7,387 square feet and is an income-generating asset with strong rental income and scheduled increases.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$336.8k	$45.60
− Vacancy	−$75.8k	−$10.26
EGI	$261.1k	$35.34
− OpEx	−$65.3k	−$8.84
NOI	$195.8k	$26.51

7,387 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.80M

$2.45M – $3.26M (±1% cap)

NOI $195,792 @ 7.0% cap · market cap 5.15%

Second Best

Mixed Use

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,426 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$3.75M

$3.28M – $4.37M (±1% cap)

NOI $262,342 @ 7.0% cap · market cap 6.91%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Miami Beach
County: Miami-Dade
State: Florida
Longitude: -80.133678
Latitude: 25.780478

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For sale
Mixed-use properties
FL
Miami Beach
33139
901 Pennsylvania Ave

What type of property is this?

Mixed-use property - Mixed-use property with apartments and retail in prime location.

Where is this mixed-use property located?

The property is located at 901 Pennsylvania Ave Miami Beach, FL.

What is the asking price?

The asking price for this property is $3,799,000.

What are key features of this property?

This property features: Prime South Beach location on a 7,500 SF corner lot.; Mixed‑use property with six apartments and four retail/office units.; Stabilized, income‑generating asset with strong rental income and scheduled increases.