$1,700,000

531 16th St, Miami Beach, FL 33139

  • 10,820 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $157/sqft
  • Property List Date Icon Listed 19 days ago

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.

Listing Status:
Active
Date Added:
March 17, 2026
Data Last Updated:
April 5, 2026 at 2:08PM
Listing Office:
Avanti Way Commercial : 786-512-3745
Listing Agent:
Fernando Arencibia JR. : 786-512-3745
MLS ID:
A11975379
  • Parking: On Street
  • General: 2
  • Originating MLS: Miami Association of REALTORS®
  • County: Miami-Dade County
  • Zoning: 3900LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 402-32-34-002-0680
  • Source: Miami Association of REALTORS®

This listing courtesy of Fernando Arencibia JR. , Avanti Way Commercial

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Fienberg/Fisher K-8 Center

1420 Washington Ave, Miami Beach, FL, 33139

Grades PK-5

0.25 miles away

N

Nautilus Middle School

4301 N Michigan Ave, Miami Beach, FL, 33140

Grades 6-8

1.77 miles away

M

Miami Beach Senior High School

2231 Prairie Ave, Miami Beach, FL, 33139

Grades 9-12

0.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.