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
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MLS #A11975379 image #0
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

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Market Summary

Current real estate data for Commercial in Miami Beach as of Apr 30, 2026
127
Commercial Listed
194
Avg DOM
$3,278,164
Avg List Price

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 To schedule a showing of MLS#a11975379 at 531 16th St in Miami Beach, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.

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disclosure
Courtesy of Avanti Way Commercial. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Miami, FL. All rights reserved.
Rover IDX
531 16th St
Miami Beach, FL