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531 16th St Miami Beach, FL 33139
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Key Details
Sold Price $1,000,000
Property Type Vacant Land
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Lincoln Sub
MLS Listing ID A11191442
Annual Tax Amount $36,639
Tax Year 2021
Lot Size 7,997 Sqft
Property Description
Prime commercial lot with 25 years remaining of GROUND LEASE. Lot is 8,000-SF, zoned RM-1, multifamily. The 14-unit apartment building reverts to the landowner at the end of the lease on 10/1/2047. This corner commercial property is in the heart of South Beach, close to everything Miami Beach has to offer; one block to Lincoln Road and a few blocks to the beaches, Miami Beach Convention Center, Collins Ave shops, Espanola Way, many parks and recreation centers, and much more.
Location
State FL
County Miami-dade County
Community Lincoln Sub
Area 32
Exterior
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash
Listing Terms Cash
Read Less
Bought with BHHS EWM Realty