1124 Pennsylvania - Deco Art Building

1124 Pennsylvania Avenue, Miami Beach, FL 33139

  • For Sale $4,000,000
  • 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 Aug 6, 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

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

Contacts

broker

Fabrizio Passatore

The Keyes Company

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Miami Beach, FL
  • Neighborhood Ocean Beach
  • Zip Code 33139
  • Market Miami

Points of Interest

  • Brickell City Centre

    3.75 miles

  • MiamiCentral

    3.83 miles

  • Miami Airport

    7.77 miles

  • Miami Intermodal Center

    7.84 miles

  • Hialeah Market

    7.99 miles

  • MIA Station

    8.92 miles

  • Miami

    8.98 miles

  • Gates E2-E11

    9.09 miles

  • Gates E20-E35

    9.34 miles

  • 4

    9.36 miles

  • Chevron

    0.51 miles

  • Shell

    0.56 miles

  • Marathon

    0.58 miles

  • Texaco

    0.94 miles

  • BP

    3.85 miles

  • Tesla Supercharger

    4.30 miles

  • ChargePoint Charging Station

    4.55 miles

  • ChargePoint

    7.53 miles

  • Blink

    8.73 miles

  • Miami Beach Parking Lot (P9)

    0.22 miles

  • 13th Street Garage

    0.26 miles

  • Miami Beach Parking Lot (P10)

    0.38 miles

  • 7th Street Parking Garage (G1)

    0.42 miles

  • The Shoppes at West Avenue

    0.49 miles

  • 16th and Collins

    0.49 miles

  • Public Parking

    0.49 miles

  • Pennsylvania Avenue Garage

    0.64 miles

  • 17th Street Parking Garage (G5)

    0.64 miles

  • The Lincoln Garage

    0.66 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

  • Burger King

    0.13 miles

  • Toni’s sushis

    0.14 miles

  • 11th Street Diner

    0.14 miles

  • Poseidon

    0.15 miles

  • Kebap

    0.15 miles

  • Thai House

    0.15 miles

  • BurgerFi

    0.15 miles

  • Bombay Bistro

    0.15 miles

  • Chicken Brasa

    0.17 miles

  • Antico

    0.18 miles

  • Lehrman Day School of Temple Emanu-el

    0.22 miles

  • Fienberg Fisher Adult School

    0.27 miles

  • Leroy D Fienburg Elementary School

    0.28 miles

  • Feinberg-Fisher Head Start

    0.32 miles

  • Landow Preschool

    0.42 miles

  • Louis Merwitzer Mesivta High School

    0.46 miles

  • Oxford School

    0.53 miles

  • FIU Architecture & The Arts

    0.53 miles

  • Miami Beach Urban Studios (FIU MBUS)

    0.56 miles

  • OHC Discover Your World

    0.60 miles

  • Raindrop Child Care Center

    0.32 miles

  • A To Z for Kids Day Care Center

    0.44 miles

  • Rainbow Miami Beach Day Care Center

    0.47 miles

  • Rainbow Intergenerational Day Care Center

    0.48 miles

  • Happy Kids Too Child Care Center

    0.71 miles

  • J Ingraham Early Childhood Development Center

    2.08 miles

  • Casa Dei Bambini Day Care Center

    2.18 miles

  • Young President's Club Day Care Center

    2.41 miles

  • Little Cruisers Child Development Center

    2.75 miles

  • Downtown Toddler Club Day Care Center

    3.35 miles

Frequently Asked Questions

How much does 1124 Pennsylvania - Deco Art Building cost?

The space currently listed for sale at 1124 Pennsylvania - Deco Art Building asks for $4,000,000.

What is the total square footage of 1124 Pennsylvania - Deco Art Building?

1124 Pennsylvania - Deco Art Building totals 8,140 square feet.

When was this property built?

1124 Pennsylvania - Deco Art Building was built in 1948.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Fabrizio Passatore

The Keyes Company