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.

Address

Open on Google Maps

Address: Array
City: Miami Beach
State/county: Miami-Dade
Zip/Postal Code: Array
Area: Miami Beach

Details

Updated on August 27, 2026 at 4:57 pm

Property ID Array
Price $1,700,000
Land Area 0.18 Sq Ft
Year Built 1947
Type Multi Family
Property Status Commercial Sale

Additional details

BuildingAreaTotal 10820
CLIP 2337999780
ContractStatusChangeDate 2026-03-17
CumulativeDaysOnMarket 163
CurrentPrice 1700000
DaysOnMarket 163
DaysOnMarketReplication 163
DaysOnMarketReplicationDate 2026-08-27
DaysOnMarketReplicationIncreasingYN 1
DocumentsAvailable Aerial
DocumentsCount 0
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR Miami REALTORS
ListAgentAOR Miami Association of REALTORS
ListAgentDirectPhone 786-512-3745
ListAgentEmail arenci@avantiway.com
ListAgentFirstName Fernando
ListAgentFullName Fernando Arencibia
ListAgentKey 26764157
ListAgentKeyNumeric 26764157
ListAgentLastName Arencibia
ListAgentMlsId SEF3573628
ListAgentNationalAssociationId 279552137
ListAgentOfficePhone 786-512-3745
ListAgentPreferredPhone 786-512-3745
ListAgentStateLicense 3211844
ListOfficeAOR Miami Association of REALTORS
ListOfficeEmail arenci@avantiway.com
ListOfficeKey 5902271
ListOfficeKeyNumeric 5902271
ListOfficeMlsId SEFAVCM01
ListOfficeName Avanti Way Commercial
ListOfficePhone 786-512-3745
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-03-17
ListingKeyNumeric 1155379285
ListingTerms Cash, Conventional
LotSizeArea 8000
MLSAreaMajor 2320
MajorChangeTimestamp 2026-03-17T00:00:00.000-00:00
MajorChangeType New Listing
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp 2026-08-27T16:53:40.247-00:00
OccupantType Tenant
OnMarketDate 2026-03-17
OnMarketTimestamp 2026-03-17T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-08-27T12:33:11.443-00:00
OriginalEntryTimestamp 2026-03-17T14:21:52.000-00:00
OriginalListPrice 1700000
OriginatingSystemID M00000151
OriginatingSystemKey 561141682
OriginatingSystemListAgentMemberKey 1174691
OriginatingSystemListOfficeKey 1252882
OriginatingSystemModificationTimestamp 2026-08-27T12:33:11.443-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_MIAMI
ParcelNumber 0232340020680
ParkingFeatures On Street
Permission IDX
PhotosChangeTimestamp 2026-08-27T16:34:42.550-00:00
PhotosCount 52
Possession Negotiable
PostalCity Miami Beach
PostalCodePlus4 7773
PropertySubTypeAdditional Multi Family
PublicSurveyTownship 2
SourceSystemID TRESTLE
SourceSystemKey 1155379285
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp 2026-03-17T00:00:00.000-00:00
StreetName 16th
StreetNumber 531
StreetNumberNumeric 531
StreetSuffix Street
TaxLegalDescription LINCOLN SUB PB 9-69 LOT 10 BLK 52 A LOT SIZE 50.000 X 160 74R-86189 OR 11769-105 0483 4
UniversalPropertyId US-12025-N-0232340020680-R-N
VideosCount 0
Zoning 3900