Property 531 16th Street, Miami Beach, FL 33139 for sale with MLS# A11975379
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.
531 16th Street, Miami Beach, FL 33139
- Price:
- $1,700,000.00
- Original List Price:
- $1,700,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $157.11
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 17, 2026 4:00 am
- Built-Up Area:
- 10,820 Sqft
- Lot Size Acres:
- 0.18
- Year Built:
- 1947
- Flood Zone Code:
- AE
- Parking Features:
- On Street
- Senior Community:
- No
- Documents Available:
- Aerial Photo(s)
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4
- Real Estate Folio Number (Parcel Number):
- 0232340020680
- Zoning:
- 3900
- Active on the market since:
- March 17, 2026
- Listing Agreement executed on:
- March 17, 2026
- Listing Status Last Changed On:
- March 17, 2026 4:00 am
- Photos updated on:
- August 27, 2026 4:30 pm
- Last Modified:
- August 27, 2026 4:30 pm
- Courtesy of:
- Avanti Way Commercial
- Attribution:
- Not provided
- Street Name:
- 16th
- Street Number:
- 531
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 21.3''
- Longitude:
- W81° 51' 57.9''
- Street Suffix:
- Street
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 531 16th Street, Miami Beach, FL 33139
