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$1,700,000 Just Listed

  • For Sale
  • Active
  • Commercial Multi-Family
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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.

Full Property Details for 531 16th St

General

  • Price: $1,700,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11975379
  • Updated: 3/17/2026
  • Added to Site: 33 day(s) ago

Business

  • Business Type: Residential-Multi-Family

Parking

  • Parking Features: On Street

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 14

Structural Information

  • Detached/Attached: Detached
  • Stories/Levels: 2
  • Building Size: 10820
  • Year Built: 1947

Unit Information

  • Units in Complex: 14

Lot Features

  • Lot Size (Sq. Ft.): 8,000
  • Zoning: 3900

Financial Considerations

  • Terms: All Cash, Conventional/Refinance

Disclosures and Reports

  • Special Conditions: Sale
  • Documents Avail.: Aerial Photo(S)
  • Legal Description: LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4
  • Inclusions: Building Only
  • Property ID: 02-32-34-002-0680

Listed by Avanti Way Commercial

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Listing agent

— 531 16th St —

  • Avanti Way Commercial

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 531 16th St

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-81.8 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 531 16th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Listed
$1,700,000
240%
MLS
8/07/2022
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 531 16th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$47,130
10%
$2,530,000
—
2024
$42,750
4%
$2,540,000
2%
2023
$41,081
9%
$2,500,000
2%
2022
$37,579
3%
$2,450,000
8%
2021
$36,639
-13%
$2,260,000
5%
2021
$42,222
-4%
$2,148,000
-2%
2019
$43,876
9%
$2,188,829
10%
2018
$40,078
12%
$1,989,845
—
2017
$35,644
9%
$1,980,000
20%
2016
$32,796
11%
$1,644,500
10%
2015
$29,619
4%
$1,495,000
7%
2014
$28,444
5%
$1,400,000
6%
2013
$26,997
—
$1,325,901
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 531 16th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Avanti Way Commercial

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531 16th St, Miami Beach, FL 33139 (MLS# A11975379) is a Commercial Multi-Family property. 531 16th St is currently listed for $1,700,000 and was received on March 17, 2026. Want to learn more about 531 16th St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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