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$3,450,000

  • For Sale
  • Active
  • Commercial Multi-Family
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Introducing 901 PENN, a prime South Beach investment on a 7,500 SF corner lot at Pennsylvania Ave & 9th St. This mixed-use property features six (6) apartments & four (4) ground-floor retail/office units with Washington Ave visibility, ensuring strong tenant demand. A stabilized income-generating asset offering multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. Recent capital improvements-new roof (2023), exterior paint, AC units, & more. Positioned in a high-foot-traffic area, surrounded by hotels, restaurants, shopping, and nightlife, 901 PENN benefits from unbeatable exposure and walkability. With strong rental income and scheduled increases, this is a lucrative Miami investment in a world-class destination.

Full Property Details for MLS# A11956440

General

  • Price: $3,450,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11956440
  • Updated: 5/22/2026
  • Added to Site: 144 day(s) ago

Business

  • Business Type: Commercial/Residential Income, Residential-Multi-Fa

Rental Information

  • Lease/Rent Term: 1 To 3 Year Lease, 4 To 6 Year Lease, Annual Lease
  • Lease Info: NNN

Interior

  • Flooring: Concrete, Tile

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 10

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Individual A/C
  • Heating Type: Central Electric

Utilities

  • Sewer: Public Sanitation

Structural Information

  • # Buildings: 1
  • Structure Type: Commercial, Free Standing, Office/Retail
  • Detached/Attached: Detached
  • Roof: Composition Roll
  • Stories/Levels: 2
  • Building Size: 7266
  • Current Bldg. Use: Mixed Use
  • Year Built: 1948

Unit Information

  • Units in Complex: 10

Lot Features

  • Lot Size (Sq. Ft.): 7,500

Financial Considerations

  • Tenant Pays: A/C & Heating Maintenance, Common Area Maintenance, Electricity, Outside Insurance, Other, Real Estate Tax

Disclosures and Reports

  • Special Conditions: Sale
  • 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
  • Property ID: 02-42-03-009-0220

Listed by Compass Florida, LLC

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Listing agents

— MLS# A11956440 —

  • Compass Florida, LLC

  • Compass Florida, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving MLS# A11956440

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.4 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.4 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for MLS# A11956440 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Price Reduced
$3,450,000
-1.4%
MLS
3/16/2026
Price Reduced
$3,499,000
-7.9%
MLS
2/02/2026
Listed
$3,799,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Compass Florida, LLC

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MLS# A11956440, Miami Beach, FL 33139 (MLS# A11956440) is a Commercial Multi-Family property. MLS# A11956440 is currently listed for $3,450,000 and was received on February 02, 2026. Want to learn more about MLS# A11956440? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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