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531 16th St

Miami Beach, Florida, 33139, United States

Property ID: #672265 // commercial
531 16th St
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Traditional Sale
List Price:
$2,400,000.00
Icon - ft²
Icon 0.18 acres
Icon - beds
Icon - baths
Address:
531 16th St
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade County
Country:
United States
Property Type:
Commercial
Additional Property Types:
Other
Year Built:
1947
Lot Size:
0.18 acres
Data Source:
Miami MLS
MLS/Reference Number(s):
A11420681
Source Status:
Active
Source Property Type:
Commercial, Multi Family

Property Provided By

  • Fernando Arencibia JR.
  • Avanti Way Commercial
  • +1 (786) 512-3745
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Property Information

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.

Source Disclaimer

Miami MLS

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Courtesy of Avanti Way Commercial.
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This content last updated on 2024-07-01 21:27:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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