1124 Pennsylvania - Deco Art Building

For Sale

1124 Pennsylvania Avenue, Miami Beach, FL 33139

This Miami Beach property for sale is located at 1124 Pennsylvania Avenue. The current listed sale price for 1124 Pennsylvania - Deco Art Building is $4,000,000. 1124 Pennsylvania - Deco Art Building is situated on a lot that is 0.16 acre in size.

Contacts

broker

Fabrizio Passatore

The Keyes Company

(305) 898-7224

Property Details

  • Property Type Multi-Family
  • Property Size 8,140 SF
  • Units 12
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1948
  • Year Renovated 2018
  • Date Updated May 7, 2024
Discover the vibrant, bustling neighborhood surrounding the property at 1124 Pennsylvania Avenue, Miami Beach, FL, 33139. Situated in the heart of Miami Beach, this area is known as historic ART DECO district, with easy access to renowned dining, entertainment, and cultural attractions. Just moments away, investors will find the iconic Lincoln Road, offering an array of upscale shops and dining options. The nearby Collins Avenue is home to luxury hotels and world-class resorts, creating an enticing mix of leisure and business amid the city's stunning oceanfront setting. With dynamic energy and a prime business environment, the location presents an unparalleled opportunity for residential and/or tourist building investment in this sought-after area.Introducing an exceptional investment opportunity in the coveted Miami Beach area: a meticulously renovated 12-unit, 8,140 SF low-rise building, exuding timeless charm and modern appeal. Serenely situated, this garden-style property boasts a prime multifamily zoning, offering a strong rental history and 90% occupancy rate. With spacious floor plans, attractive curb appeal, and well-maintained grounds, this desirable asset presents the perfect blend of historic character and contemporary comfort. Positioned for long-term success, this multifamily gem is an ideal proposition for investors seeking a thriving property with lucrative potential in an esteemed location.

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Highlights

  • - 12-unit, 8,140 SF low-rise building
  • - NEW ROOF (2024)
  • - Last Renovated in 2018, built in 1948
  • - Zoned 3900-MULTIFAMILY - 38-62 U/A
  • - Prime Miami Beach location
  • - 90% occupancy rate
  • - Multifamily zoning for 10 units plus
  • - Garden-style property
  • - Strong rental history
  • - Well-maintained grounds
  • - Desirable investment opportunity
  • - Spacious floor plans
  • - close to Lincoln road
  • - close to Ocean
  • - 0.5 miles to major Highway

Attachments

Getting around

  • 95/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Miami Beach, FL
  • Neighborhood Ocean Beach
  • Zip Code 33139
  • Market Miami

Points of Interest

  • Adrienne Arsht Center

    3.37 miles

  • Freedom Tower

    3.50 miles

  • College North

    3.60 miles

  • School Board

    3.69 miles

  • Fifth Street

    3.72 miles

  • Miami Avenue

    3.74 miles

  • Third Street

    3.75 miles

  • Eighth Street

    3.75 miles

  • Wilkie D. Ferguson, Jr.

    3.80 miles

  • Financial District

    3.95 miles

  • Chevron

    0.51 miles

  • Shell

    0.56 miles

  • Marathon

    0.58 miles

  • Texaco

    0.94 miles

  • Shell

    2.17 miles

  • BP

    3.85 miles

  • Shell

    3.92 miles

  • Marathon

    4.03 miles

  • Shell

    4.29 miles

  • Tesla Supercharger

    4.30 miles

  • 13th Street Garage

    0.26 miles

  • 7th Street Parking Garage (G1)

    0.42 miles

  • Public Parking

    0.49 miles

  • 16th and Collins

    0.49 miles

  • 17th Street Parking Garage (G5)

    0.64 miles

  • Pennsylvania Avenue Garage

    0.64 miles

  • The Lincoln Garage

    0.66 miles

  • Lincoln Road Park

    0.68 miles

  • Municipal Garage No. 7

    0.73 miles

  • Lot P25

    0.74 miles

  • Washington Park Hotel

    0.09 miles

  • Hotel Astor

    0.15 miles

  • Sunbrite Apartments

    0.16 miles

  • Hotel Chelsea

    0.17 miles

  • The Stiles Hotel

    0.17 miles

  • Ocean Reef Suites

    0.17 miles

  • Hotel Ocean

    0.18 miles

  • The Marlin

    0.19 miles

  • Azure Luxury Suites

    0.19 miles

  • Fairwind Hotel Miami

    0.19 miles

  • General Store

    0.19 miles

  • M.B supermarket

    0.40 miles

  • Alton Food Plaza Grocery

    0.43 miles

  • Whole Foods Market

    0.44 miles

  • Meridian Food Market & Cafe

    0.49 miles

  • Anchor Shops & Parking

    0.51 miles

  • Natural Food Market Place

    0.57 miles

  • Ross

    0.59 miles

  • Lincoln Road Mall

    0.59 miles

  • Publix

    0.60 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Fabrizio Passatore

The Keyes Company

(305) 898-7224