531 16th Street
Miami Beach, FL 33139
MLS # A11975379· Active IDX
$1,700,000
- Bathrooms
- 0
- Living area
- 10,820 sq ft
- Lot size
- 0.18 acres
- Year built
- 1947
- Type
- Multi Family
- Days on market
- 234
About this home
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.
Details
| MLS # | A11975379 |
|---|---|
| Status | Active |
| County | Miami-Dade |
| ZIP | 33139 |
Listing courtesy of Avanti Way Commercial, Fernando Arencibia. Last updated Oct 31, 2026, 8:47 AM ET.
Request a showing
Mention MLS # A11975379 (531 16th Street) and when you would like to visit. A licensed real-estate professional will contact you.
Licensed brokerage
Premier Real Estate Group Inc
Broker of record Maxim Bohadana, Florida broker license BK3314523
(888) 440-3766The data relating to real estate for sale on this website comes in part from the IDX Program of BeachesMLS, Inc. Information is deemed reliable but not guaranteed. Listings held by brokerages other than Premier Real Estate Group Inc are marked with the IDX logo and detailed information about them includes the name of the listing broker. Last updated Oct 31, 2026, 8:47 AM ET.