531 16th St Miami Beach FL 33139 MLS #A11975379
531 16th St
Miami Beach, FL, 33139
$1,700,000
Beds
0 Baths
0 SqFt
0 Acres
$1,700,000
531 16th St
Miami Beach, FL, 33139
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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.

Property Details

Price:
$1,700,000
MLS #:
A11975379
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Mar 17, 2026
Total Sq Ft:
10,820
Year Built:
1947
Residential-multi-family

Schools

Interior

Exterior

Open Parking YN
1
Parking Features
On Street
Stories
2

Financial

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Current real estate data for Commercial in Miami Beach as of Jun 06, 2026
133
Commercial Listed
191
Avg DOM
$3,303,143
Avg List Price

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Property Summary

    531 16th St Miami Beach FL is a Commercial for sale in Miami Beach, FL, 33139. It is listed for $1,700,000
531 16th St
Miami Beach, FL