No photos available
Offered at
$1,700,000
531 16th Street, Miami Beach, FL 33139
- 0
- Beds
- 0
- Full Baths
- 10,820
- Sq.Ft.
Listing courtesy of Fernando Arencibia, Avanti Way Commercial
Property Description
Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 20 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- 531 16th Street, Miami Beach, FL 33139
- Zoning
- 3900
- MLS ID
- A11975379
- Listing Date
- 2026-03-17
- Last Updated
- 4/9/2026, 3:46:51 AM
- Days on Market
- 116
Features & Amenities
The Details
Exterior
- Parking
- On Street
Details
- Building Area
- 10,820 sq.ft.
- Lot Size
- 8,000 sq.ft.
- Lot Size (Acres)
- 0.18 acres
- Year Built
- 1947
- County
- Miami-Dade
- Zoning
- 3900
Financial
- List Price
- $1,700,000
- Original List Price
- $1,700,000
Location
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.