How much is 531 16th Street?

531 16th Street is listed at $1,700,000, about $157 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is 531 16th Street zoned?

The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 531 16th Street?

The listing reports 10,820 square feet of building.

When was 531 16th Street built?

531 16th Street was built in 1947. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

How do I tour 531 16th Street?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

531 16th Street, Miami Beach, FL 33139

$1,700,000 · $157 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $1,700,000
Price per sq ft: $157
Building size: 10,820 sq ft
Lot size: 7,841 sq ft
Zoning: 3900
Year built: 1947
Parcel ID: 0232340020680
MLS#: A11975379

About this property

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.

About the Business at 531 16th Street

Included: Building

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Avanti Way Commercial · arenci@avantiway.com · Listing agent: Fernando Arencibia

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 531 16th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 531 16th Street

How much is 531 16th Street?: 531 16th Street is listed at $1,700,000, about $157 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 531 16th Street zoned?: The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 531 16th Street?: The listing reports 10,820 square feet of building.
When was 531 16th Street built?: 531 16th Street was built in 1947. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 531 16th Street?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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