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531 16th St Miami Beach, FL $ 1,700,000
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531 16th St
$ 1,700,000
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531 16th St

Miami Beach, FL, 33139
$ 1,700,000
Bedrooms14 Baths14.0 Sq 10,820

Monthly Estimate*

$ 10,467

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Commercial Property for sale in Miami Beach, FL

for $1,700,000 with 14 bedrooms and 14 full baths. This 10,820 square foot building was built in 1947.

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.

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Commercial Active

Price

$ 1,700,000

Bedrooms

14

Full Bath

14

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1947

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11975379
Features
General
Possession Closing & Funding
Year Built 1947
Stories Count 2
Levels Two
Property Subtype Multi Family
County Miami-Dade
Property Type Commercial Sale
Full Baths 14
Status Active
City Miami Beach
Zoning Description 3900
Number Of Units Total 14
MLS Area 32
Lot Size Units Square Feet
Lot Size Square Feet 8000
Listing Terms Cash Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11975379
Structure Type Multi Family
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
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
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Interior
Total Bedrooms 14
Total Baths 0
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Exterior
Parking Features On Street
Lot Size Area 8000
Building Area Total 10820
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Avanti Way Commercial

Broker

arenci@avantiway.com

Email

Affordability Calculator

$10,467
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,467
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
3/17/2026$1,700,000 Listed Price

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531 16th St, Miami Beach, FL, 33139 is a Commercial Property for sale at $1,700,000 with 10,820 sqft. 531 16th St has 14 bedrooms, 14.0 baths, and was built in 1947. The property's zip code is 33139 which is in Miami Beach, FL

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