Search
Price Range

531 16th St, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Sale

  • $2,400,000

Overview

  • Income/MultiFamily
  • Property Type

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. 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. Favorable land lease structure expiring in 23 years, building is performing at a good cap rate in a strong rental market with upside on rents. Building is well-kept and well-managed. Financials available upon request.

  • Address: 16th St
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139

Details

Updated on October 26, 2023 at 9:41 am
  • Price $2,400,000
  • Year Built 1947
  • Property Type Income/MultiFamily
  • Property Status Commercial Sale

Additional details

  • PublicSurveyRange 32
  • ShowingInstructions Appointment Only, Call Listing Agent
  • ListAgentKey 1319a996dec38cbdf95cb9ee75193d73
  • TaxLegalDescription LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4
  • OnMarketDate 2023-07-14
  • ListAgentEmail arenci@avantiway.com
  • ContractStatusChangeDate 2023-07-14
  • MajorChangeTimestamp 2023-08-02T15:15:47.790Z
  • PhotosCount 28
  • StatusChangeTimestamp 2023-08-02T15:15:47.790Z
  • PriceChangeTimestamp 2023-07-17T18:52:41.827Z
  • ListingKeyNumeric 384179373
  • MajorChangeType New
  • ListingContractDate 2023-07-14
  • ListAOR A-Miami Association of REALTORS
  • TaxAnnualAmount 41610
  • ListOfficeName Avanti Way Commercial
  • OriginatingSystemKey miamire
  • BusinessType Commercial/Residential Income, Residential-Multi-Family
  • DualVariableCompensationYN no
  • PhotosChangeTimestamp 2023-08-02T15:18:17.229Z
  • OriginatingSystemName Miami Association of REALTORS®
  • ListOfficePhone 786-512-3745
  • MlsStatus Active
  • StreetNumber 531
  • ListingKey 85de7998b78c97c28f9b02bed71456aa
  • StateOrProvince FL
  • ShowingContactType Agent
  • ListOfficeKey d1f9135f2ae1f10c16e7bfc0b47f3ac4
  • BridgeModificationTimestamp 2023-08-02T23:01:32.314Z
  • ListAgentFullName Fernando Arencibia JR.
  • ListAgentOfficePhone 786-512-3745
  • Stories 2
  • ParcelNumber 02-32-34-002-0680
  • ListingTerms Cash, Conventional/Refinance
  • SignOnPropertyYN no
  • OtherExpense 0
  • Possession Funding
  • IDXParticipationYN yes
  • InternetAddressDisplayYN yes
  • ListAgentMlsId 3573628
  • StoriesTotal 2
  • ModificationTimestamp 2023-08-02T23:00:27.120Z
  • OriginatingSystemID miamire
  • DaysOnMarket 19
  • BuyerAgencyCompensationType %
  • ListOfficeMlsId AVCM01
  • ListAgentDirectPhone 786-512-3745
  • StreetNumberNumeric 531
  • ParkingFeatures On Street
  • PostalCodePlus4 7773
  • NumberOfUnitsInCommunity 0
  • ExpirationDate 2024-01-15
  • SyndicationRemarks 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. 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. Favorable land lease structure expiring in 23 years, building is performing at a good cap rate in a strong rental market with upside on rents. Building is well-kept and well-managed. Financials available upon request.
  • ListAgentStateLicense 3573628
  • PublicSurveyTownship 32
  • ListingAgreement Exclusive Right To Sell
  • PublicSurveySection 34
  • ListingId A11420681
  • SpecialListingConditions Sale
  • OriginalListPrice 2400000
  • BuildingAreaUnits Square Feet
  • InternetEntireListingDisplayYN yes
  • BuyerAgencyCompensation 3.00%
  • InternetAutomatedValuationDisplayYN no
  • OriginalEntryTimestamp 2023-08-02T15:15:47.790Z
  • SourceSystemKey 384179373
  • LotSizeSquareFeet 8000
  • InternetConsumerCommentYN no
  • BuildingAreaTotal 10820

Features

Schedule a Tour

Your information

360° Virtual Tour

Contact Information

View Listings

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare