There is no favorite listings!
* Required Fields
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.

Address Map
FL
Miami-Dade County
Miami Beach
33139
531 16th St
W81° 51' 58.4''
N25° 47' 21.1''
MLS Addon
Building Only
All Cash, Conventional/refinance
1
Sale
2
Click Here
3900
14
17/03/2026 17:23:18

531 16th St, Miami Beach, Florida 33139

$1,700,000
8,000 size sq.ft.
Listing ID #A11975379
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11975379
Price $1,700,000
Year Built 1947
Days on Market 0
Building Area 10,820
Status Active
Property SubType Income/multifamily
Lot Area 8,000 Sqft
List Date 2026-03-23
On Market Date 17/03/2026
Elena Beck
MiamiInvestrealty
* Required Fields
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern