Price Reduced 10.42%

$2,150,000

Est. Mortgage $11,156/mo *

Quick Pre-Approval

Virtual Tour Brochure

Call Text Schedule Tour Request More Information

Price History

$2,400,000
7/14/2023

$2,150,000
7/30/2024

531 16th St, Miami Beach, FL, 33139

531 16th St, Miami Beach, FL, 33139
View larger map Directions

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 22 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF being installed prior to closing! 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.

Status:

Active

Type:

Commercial

Zoning:

3900

Garage:

On Street

Est. Taxes:

$41,610

Days on Market:

453

MLS #:

A11420681

Community Info

School Info

Walk Score

Yelp

Similar Properties

$2,200,000

1020 SW 23rd Ave, Miami, FL, 33135

$1,999,000

6229 NE 2nd Ave, Miami, FL, 33138

$1,975,000

1680 Michigan Ave, #PH5, Miami Beach, FL, 33139

$1,999,999

1050 SW 7th St, Miami, FL, 33130

$2,050,000

7021 + 7027 SW 13th Ter, Miami, FL, 33144

Price Reduced!

$1,999,000

817 SW 8th St, Miami, FL, 33130

$2,100,000

1000 Brickell Ave, #3E - 3F, Miami, FL, 33131

Price Reduced!

$2,299,999

2047 NW 24th Ave, Miami, FL, 33142

$2,000,000

8025 Crespi Blvd, Miami Beach, FL, 33141

$1,950,000

1451 Ocean Dr, #CU-204, Miami Beach, FL, 33139

$2,000,000

1525 NW 3rd Ave, Miami, FL, 33136

$2,200,000

1305 NW 79th St, Miami, FL, 33147

Price Reduced!

$2,200,000

842 84th St, Miami Beach, FL, 33141

Price Reduced!

$2,150,000

581-595 NW 54th St, Miami, FL, 33127

$1,995,000

7635 Dickens Ave, Miami Beach, FL, 33141

$2,258,000

1190 NW 67th St, Miami, FL, 33150

New or Coming Soon Properties

New Listing!

$1,998,000

8,883 sqft

3112 Southgate CIRCLE, Sarasota, FL, 34239

New Listing!

$1,900,000

1521 SE 2nd Ct, #1-8, Fort Lauderdale, FL, 33301

New Listing!

$1,999,000

1446 Ocean Dr, #1 & 2, Miami Beach, FL, 33139

New Listing!

$1,850,000

2,768 sqft

241 Ocoee Apopka ROAD, Ocoee, FL, 34761

New Listing!

$2,300,000

13,338 sqft

1357 KINGSLEY Avenue, Orange Park, FL, 32073

New Listing!

$1,975,000

Miami Beach, FL, 33141

New Listing!

$2,300,000

1535 W Flagler St, Miami, FL, 33135

New Listing!

$1,900,000

1017 SW 9th St, Miami, FL, 33130

New Listing!

$2,350,000

4,760 sqft

7330 Exchange DRIVE, #10, Orlando, FL, 32809

New Listing!

$2,400,000

4681 SW 66th Ave, Davie, FL, 33314

New Listing!

$1,900,000

901 NE 30th Ct, Oakland Park, FL, 33334

New Listing!

$2,100,000

12,008 sqft

1630 F Road, Loxahatchee Groves, FL, 33470

New Listing!

$2,100,000

2,548 sqft

512 SW St Lucie Crescent, Stuart, FL, 34994

New Listing!

$1,850,000

5,028 sqft

4450 E Fletcher AVENUE, #A, Tampa, FL, 33613

New Listing!

$1,900,000

11,769 sqft

407 Whitcomb BOULEVARD, Tarpon Springs, FL, 34689

New Listing!

$2,200,000

1610 N 25th St, Fort Pierce, FL, 34947


Listing courtesy of Avanti Way Commercial Phone: 786-512-3745