$1,000,000
$1,100,000
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531 16th St Miami Beach, FL 33139
7,997 Sqft Lot
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
Sold Date 08/09/22
HOA Y/N No
Annual Tax Amount $36,639
Tax Year 2021
Contingent No Contingencies
Lot Size 7,997 Sqft
Acres 0.1836
Lot Dimensions 50x160
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
Waterfront No
Present Use Multi-Family
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 02-32-34-002-0680
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with BHHS EWM Realty