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531 16th St, Miami Beach, FL 33139
Offering:
For Sale
Location:
Miami Beach, FL 33139
Status:
Active
$1,700,000
Deemed reliable but not guaranteed.
Details
Year built:
1947
Lot size:
8,000 sq ft
Levels:
Two
Stories:
2
Days on market:
163
Type:
Multi-family
MLS ID
A11975379
Virtual tour:
Listed by:
Avanti Way Commercial (AVCM01)
Listing office phone:
786-512-3745
Listing office email:
Listing agent:
Fernando Arencibia JR. (3573628)
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.
Price history
$1,700,000 → $1,700,000
· 1 price changes
Location
531 16th StMiami Beach, FL 33139
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MLS information
Last updated Aug 27, 2026
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