REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

$ 1,700,000
Est. payment /mo
Active
531 16th St Miami Beach, FL 33139
10,820 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,820 sqft
Price per Sqft $157
MLS Listing ID A11975379
HOA Y/N No
Year Built 1947
Lot Size 8,000 Sqft
Property Sub-Type Multi Family
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.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 02-32-34-002-0680
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11975379

Listed by Avanti Way Commercial
NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Boca Raton, FL
- Homes For Sale in Delray Beach, FL
- Homes For Sale in Boynton Beach, FL
- Homes For Sale in Highland Beach, FL
- Homes For Sale in Palm Beach, FL
- Homes For Sale in Manalapan, FL
- Homes For Sale in Ocean Ridge, FL
- Homes For Sale in Gulf Stream, FL
- Homes For Sale in Lighthouse Point, FL
- Homes For Sale in Wellington, FL
- Homes For Sale in West Palm Beach, FL
- Homes For Sale in Parkland, FL
- Homes For Sale in Hillsboro Beach, FL
- Homes For Sale in Coral Springs, FL
- Homes For Sale in Deerfield Beach, FL
- Homes For Sale in Fort Lauderdale, FL
- Homes For Sale in Golden Beach, FL
- Homes For Sale in Sunny Isles Beach, FL
- Homes For Sale in Tropic Isle, FL
- Homes For Sale in Tropic Palm, FL
- Homes For Sale in Royal Oak Hills, FL
- Homes For Sale in Boca Raton Square, FL
- Homes For Sale in Royal Palm Yacht and Country Club, FL
- Condos For Sale in One Thousand Ocean, FL
- Homes For Sale in Spanish River Land The Estates , FL
- Homes For Sale in Golden Harbour, FL
- Condos For Sale in Mizner Grand, FL
- Condos For Sale in Addison on the Ocean , FL
- Homes For Sale in Boca Raton Riviera, FL
- Condos For Sale in The Meridian, FL
- Homes For Sale in Boca Villas, FL
- Homes For Sale in Old Floresta, FL
- Homes For Sale in Boca Sailing and Racquet, FL
- Homes For Sale in Parkside, FL
- Homes For Sale in Camino Gardens, FL
- Homes For Sale in Tunison Palms, FL
- Homes For Sale in The Sanctuary, FL
- Homes For Sale in Colonnade in Glen Oaks, FL
- Homes For Sale in New Floresta
- Homes For Sale in Caribbean Keys
- Homes For Sale in Bel Marra
- Homes For Sale in Boca Marina Yacht Club
- Homes For Sale in Boca Harbour
- Homes For Sale in Seaspray Estates
- Homes For Sale in Delray Beach Shores
- Homes For Sale in Stone Creek Ranch
- Homes For Sale in Millpond
- Homes For Sale in Seven Bridges
- Homes For Sale in Boca Bridges
- Homes For Sale in The Bridges
- Homes For Sale in The Oaks





