Map of Property

1124 Pennsylvania - Deco Art Building

1124 Pennsylvania Avenue, Miami Beach, FL 33139

  • For Sale $4,200,000
  • Property Type Multi-Family
  • Property Size 8,140 SF
  • Units 12
  • Lot Size 0.16 Acre
  • Property Tenancy Single Tenant
  • Year Built 1948
  • Year Renovated 2018
  • Date Updated Apr 25, 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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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

(305) 898-7224

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

  • Museum Park

    3.34 miles

  • Bayfront Park

    3.36 miles

  • Adrienne Arsht Center

    3.37 miles

  • College/Bayside

    3.47 miles

  • First Street

    3.49 miles

  • Freedom Tower

    3.50 miles

  • Park West

    3.50 miles

  • Eleventh Street

    3.52 miles

  • College North

    3.60 miles

  • Knight Center

    3.63 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

  • Burger King

    0.13 miles

  • Toni’s sushis

    0.14 miles

  • 11th Street Diner

    0.14 miles

  • Thai house

    0.14 miles

  • Kebap

    0.15 miles

  • BurgerFi

    0.15 miles

  • Chicken Brasa

    0.17 miles

  • Antico

    0.18 miles

  • Naked Taco

    0.20 miles

  • Alma Mexicana

    0.21 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

  • OHC Discover Your World

    0.60 miles

  • New World Symphony

    0.65 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

    2.19 miles

  • Young President's Club Day Care Center

    2.41 miles

  • Downtown Toddler Club Day Care Center

    3.35 miles

  • YWCA Cain Towers Child Care Center

    3.49 miles

Frequently Asked Questions

What is the lease rate for 1124 Pennsylvania - Deco Art Building?

Rental asking rate at 1124 Pennsylvania - Deco Art Building is $2,100,000.00/YR.

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?

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Contact Listing Broker

broker

Fabrizio Passatore

The Keyes Company

(305) 898-7224