MIAMI BEACH · Commercial Sale
531 16th St, Miami Beach FL 33139
$1,700,000
01 — THE RESIDENCE
The details make
the difference.
A considered introduction to this property, using the information provided with its MLS listing.
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.
02 — THE PERSPECTIVE
Every angle tells
another story.
Explore the original listing photography for a more complete impression of the residence, its architecture and surrounding setting.
DISCOVER THE GALLERY03 — PROPERTY PROFILE
Residence at a glance.
04 — DISCOVER MORE
Beyond the first impression.
05 — LOCATION
Find your place
in Miami Beach.
531 16th St, Miami Beach FL 33139
The map uses coordinates supplied with the MLS record. Pin positions may be approximate; verify exact access and location with your advisor.
THE WOLSEN EXPERIENCE
Every extraordinary address
begins with a conversation.
Discover more about this property through a personal, considered conversation.