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! Potential to extend lease term or buyout lease from land owner. Building is performing at a good cap rate in a strong rental market with upside on rents. 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.

This listing is courtesy of Avanti Way Commercial.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0232340020680 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 02-2340-002-0680 (0232340020680)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 531 16 St
City: Miami Beach
State: Florida
Zip Code: 33139-7710 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 10,820
Actual Square Feet: 10,820
Adjusted Square Feet: 9,738
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Lot Size - English*
Lot Size (sf): 8,000
Lot Size (acres): 0.18
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Building Size - Metric*
Living Square Meters: 1,005.21
Actual Square Meters: 1,005.21
Adjusted Sq M: 904.69
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Lot Size - Metric*
Lot Size (sq m): 743
Lot Size (ha): 0.07
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Zoning & Land Use*
Land Use: 0303 - Multifamily 10 Units Plus : Multifamily 3 Or More Units
Zoning: 3900 - Multi-family - 38-62 U/a
Municipal Zoning: RM-1 (Miami Beach)
All Listed | All Properties
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Prior Sale*
Type: Partial interest
Qual: U
Date: 08/07/2022
Amount: $500,000
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Prior Sale #2* (Second to Last)
Type: Partial interest
Qual: U
Date: 08/07/2022
Amount: $500,000
  -
Prior Sale #3* (3rd to Last)
Type: Partial interest
Qual: U
Date: 11/27/2015
Amount: $100
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Taxable Values*
Tax Year: 2023
Land: $1,760,000
Building: $414,000
Total: $2,174,000
Assessed: $2,174,000
County Taxable: $2,174,000
City Taxable: $2,174,000
Mill Code: 0200
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Ownership*
Owner 1: 176 Harding Llc
Mailing Address: 10800 Biscayne Blvd Ste 600
Mailing City: North Miami
Mailing State: Fl
Mailing Zip: 33161
Mailing Country: USA
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Building Information*
Stories: 2
Units: 14
Year Built: 1947
Effective Year Built: 1947
Extra Features 1: Patio - Brick, Tile, Flagstone
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Legal Description*
Legal Description Concatenated: LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.