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Mixed-Use Corner Property with Retail
For Sale
$3,450,000
Pending

901 Pennsylvania Ave, Miami Beach, FL 33139

MULTI_FAMILY - Other - Miami Beach, FL

Lot Size0.17 Acres
Days on Market13

Property Features for 901 Pennsylvania Ave

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description RO
Subdivision South Beach
Lot features < 1/4 Acre
Standard status Pending
APN 02-42-03-009-0220
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description OCEAN BEACH ADDN NO 3 PB 2-81 W75FT LOTS 7 & 8 BLK 35 LOT SIZE 75.000 X 100 OR 16033-0131 0793 1
Tax Annual Amount 59664
Legal Description OCEAN BEACH ADDN NO 3 PB 2-81 W75FT LOTS 7 & 8 BLK 35 LOT SIZE 75.000 X 100 OR 16033-0131 0793 1

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Wall Furnace, Central
Cooling system Wall/Window Unit(s), Central Air, Window Unit(s)

Building Details

Year built 1948
Floors in Building 2
Flooring type Concrete, Tile
Building materials Block
Roof type Composition
Architectural style Other
Listing Agency: Compass Florida, LLC
Listed By: Jesse Spencer · License #3282789
Added: Jul 18 Changed: Jul 29 Last Checked: Jul 30 at 11:06PM
MLS# A11998939

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Introducing 901 Pennsylvania Ave, a mixed-use corner property on a 7,500 SF lot. The building includes six apartments and four ground-floor retail/office units. The unit mix supports flexible occupancy, including residential leasing and commercial storefront use.

The property is located at Pennsylvania Ave & 9th St and is described as having Washington Ave visibility. The surrounding area is characterized by nearby hotels, restaurants, shopping, and nightlife, supporting a pedestrian-oriented setting.

Recent capital improvements include a new roof in 2023, along with exterior paint and updated AC units, among other improvements. The asset is presented as stabilized and income-generating, with scheduled increases noted in the remarks.

Key Highlights

  • Mixed‑use building with 6 apartments plus 4 ground‑floor retail/office units
  • Located on a 7,500 SF corner lot at Pennsylvania Ave & 9th St
  • Recent capital improvements include new roof in 2023, exterior paint, and AC units

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Restaurant Nursing Home Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units
6
Residential units

Location Intelligence

Trade Area within ½ mile

5,811
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed-use corner building with six apartments and four ground-floor retail/office units, plus recent capital improvements.
Where is this apartment building located?
The property is located at 901 Pennsylvania Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Mixed‑use building with 6 apartments plus 4 ground‑floor retail/office units; Located on a 7,500 SF corner lot at Pennsylvania Ave & 9th St; Recent capital improvements include new roof in 2023, exterior paint, and AC units
More about this property
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