Listed by Avanti Way Commercial
$1,700,000
531 16th St
Details
APN 02-32-34-002-0680
Property Type Multifamily
Square Footage 10,820
Year Built 1947
Stories 2
Lot Size (SqFt) 8,000
Zoning 3900
Multifamily
Marketing 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.
Listing Contacts
Listed by Avanti Way Commercial
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Zoning
RM-1 ResidentialMulti FamilyResidential Multifamily Low Intensity
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View all 29 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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