WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Fisher Auction Company and Trustee Realty, Inc. are pleased to present via Live Auction Event a 14,075± SF Building currently licensed for 10 Hotel Rooms and 15 Apartments in the Heart of South Beach in Miami Beach, Florida.
PROPERTY HIGHLIGHTS
• Prime Location on Pennsylvania Avenue in Miami Beach , Florida
• Units and Building totally renovated in 2019 with Upscale Finishes, Bathrooms, Kitchen/Kitchenettes, Roofing, Electrical and Plumbing , Impact Windows and Doors, Fire System/Sprinklers and Complete Painting
• Three Blocks from World Famous South Beach and the Atlantic Ocean
• Classic Art Deco Designed Building and true Old Miami Beach Charm with a Modern Flair
• Short Distance to City Transportation, Lummus Park, High End Retail / Fine Dining, and South Beach Nightclubs
• Within Minutes to Major Recreation/Entertainment Venues and Miami International Airport
• Perfect Investment with Good Monthly Gross
• 25 Units are Individually Metered for Electric
• Beautiful Courtyard with Wood Fence, Lush Landscaping, Outdoor Barbeque, Sitting Area with Waterfall Fountain
• Custom Ornate Iron and Impact Glass Entry Doors
• Welcoming Lobby/Registration Area with Marble Flooring, Leather Seating and Majestic Fireplace
• All Unit Doors have Coded Locks with Fingerprint Option
• High End Marble Flooring Throughout
• 40 Year Certification Completed
PROPERTY DETAILS
• Address: 942 Pennsylvania Avenue, Miami Beach, Florida 33139
• Location: West Side of Pennsylvania Avenue North of 9th Street
• Directions: From Alton Road go East on 9th Street to Pennsylvania Avenue. Turn left and proceed to Address. Public Parking is available just South on Pennsylvania Avenue
• Access: From Pennsylvania Avenue
• Building Size: Total of 14,075± Square Feet in Three Stories
• Land Area: 7,000± Square Feet / 50’ x 140’
• Current Use: Limited Service Interior Corridor Lodging Facility
• Construction: Concrete Masonry Construction, Impact Windows, Rolled Asphalt Roofing
• HVAC: Gree Split System Units
• Year Built: 1925, Completely Renovated in 2019
• Frontage: 50± Feet along Pennsylvania Avenue and Pennsylvania Court
• Zoning: RM-1, Multifamily. See the Zoning Section for Permitted Uses and Building Requirements
• Taxes: 2022 Total - $29,501.29
• Parcel ID No.: 0242030991270
• Flood Zone: Zone AE per Miami-Dade Flood Zone Map
• Utilities: Municipal Water and Sewer
• Parking: Valet, Street and Multiple Public Parking Options nearby
• Historical Designation: “Contributing” Structure to the Flamingo Park Historic District
• Property Disclosure: Please refer to the Property Disclosure Section in the Data Room for further information
