Home » Miami Beach » 511 16th St, Miami Beach, FL 33139 | A11670245

Hotel/motel For Sale 511 16th St, Miami Beach, FL 33139

$7,500,000
Price has decreased by $750,000

Property Highlights

Listing ID A11670245 Status of this Listing: Active For Sale Property Type Commercial Sale Hotel/motel Building Area 7,449 Sqft/692.03 m2 approx. Lot area 8,000 Sqft/743.22 m2 approx. Year Built 2024 This listing had previously gone off the market, and it is now Back on the Market. Seller considers Owner Financing Time of this property on Rebonus 126 Day(s)

511 16th St, Miami Beach, FL 33139

Property Description: The Lincoln Road Villa & Townhouses are an astonishing, unique short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. See attached Offering Memorandum for additional information.

Useful Info

Contingency:Pending Inspections
Previous Asking Price:$7,250,000
Original List Price:$8,250,000

Business Info

Gross Scheduled Income:775195
Financial Data Source:
  • Owner

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Number of Buildings:2
Number of Units Total:10
Levels:Two
Construction Materials:
  • Block
Structure Type:
  • Hotel/motel
Stories:2

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Fire Sprinkler System
  • Security Gate
  • Security System
  • Security Lights
  • Fenced
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Reverse Cycle
Heating:Yes
Heating System:
  • Central
  • Heat Pump

Taxes and Expenses

Tax Annual Amount:$23,362

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Documents Available:
  • Aerial
  • Ground Photo
  • Site Plan
  • Deed
  • Financials
  • Survey
  • Building Plans
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Building Name:Lincoln Rd. Villa & Townhouses
Senior Community:No
Restrictions: Zoning Restrictions

Parking

Parking Total Spaces:2
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Property DescriptionBed & Breakfast
Flood ZoneAE
FEMA Flood Zone DesignationsAE
Ref1089403221
Subdivision Number2

Zoning and Legal

Tax Legal Description:LINCOLN SUB PB 9-69 LOT 1 BLK 52 A LOT SIZE 50.000 X 160 OR 15594-0290 0792 1 COC 22406-2525 06 2004 1
Real Estate Folio Number (Parcel Number):02-32-34-002-0590
Zoning Description:3900
Public Survey Range:32
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:October 2, 2024 6:03 pm
On Market Date:October 2, 2024
Price Change Date Time:December 9, 2024 1:13 pm
Last Important Update Description:Back On Market
Date and Time of Last Important Update:January 15, 2025 6:26 am
Status Last Changed:January 15, 2025 6:26 am
Photos Last Modified:October 3, 2024 12:17 am
Last Modified:January 15, 2025 11:27 am
Days on the Market Reference Date:January 15, 2025
Days on the Market (updated on Last Modified*):105
Cumulative Days on the Market (updated on Last Modified**):105

Additional Information

Number of Photos:47
Location:Central Business District,,
Included:Building & Land,Business,Furniture,,
Area:32
Courtesy of:The Keyes Company
Attribution:305-467-4026
Universal Property Id:US-12025-N-0232340020590-R-N

Location

Show Property Address:Yes
Street Name:16th St
Street Number:511
Street Address:511 16th St
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade
Full Address:511 16th St, Miami Beach, FL 33139
Latitude:N25° 47' 21.3''
Longitude:W81° 51' 59.9''

Neighborhood

Postal City:Miami Beach

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